Additionally, Caliber will pay a $1.05 per unit distribution, from available cash, to its unitholders attributable to the financial performance of the business.
The Credit Facility is a $200 mln senior secured leverage-based 5-year revolving credit facility with an accordion feature of up to an additional $100 mln. In closing the Credit Facility, Citibank, N.A. acted as Administrative Agent, Collateral Agent, Joint Lead Arranger and Joint Bookrunner; Wells Fargo Securities, LLC and Credit Suisse Securities (USA) LLC acted as Joint Lead Arrangers, Joint Bookrunners and Co-Syndication Agents; and Amegy Bank National Association acted as Documentation Agent.
Proceeds from the Credit Facility will be used for further expansion of Caliber's gathering system and for general corporate purposes. Caliber will not borrow under the Credit Facility before the entire $150 mln of equity capital contributions from FREIF and the $30 mln of equity capital contributions from Triangle have been funded.
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