The credit facility includes an option of increase in the size of the facility to an aggregate of $1.25bn by receiving commitments from new or existing lenders.
In addition, the facility replaces the existing $850m, five-year senior unsecured revolving credit facility that matures in June 2012.
Wells Fargo will serve as Administrative Agent, Citibank acted as Syndication Agent with Bank of America, Barclays Bank and Royal Bank of Canada acting as documentation agents.
DCP Midstream Partners is a midstream master limited partnership that gathers, treats, processes, transports and markets natural gas, transports and markets natural gas liquids, and is a leading wholesale distributor of propane.
