Canyon Midstream unit ups revolving credit facility to $100 million

By Sarah Lizee

Olympia, Wash., Jan. 8 – Canyon Midstream Partners II, LLC said subsidiary Redcliff Midstream, LLC’s revolving credit facility was increased to $100 million from $70 million.

The bank group includes Wells Fargo Bank, NA as administrative agent, Amegy Bank and Capital One, NA.

“We appreciate the support and confidence demonstrated by our lender group with the expansion of the Redcliff revolving credit facility,” Michael Walsh, president and chief executive officer of Canyon Midstream, said in a news release.

“We will continue to develop Redcliff's assets and infrastructure to provide efficient and reliable midstream services in support of growing gas volumes as producers in the Stack play shift to multi-well pad development.”

Canyon Midstream is a Houston-based company formed to acquire, develop and operate midstream energy companies and assets.

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