Crestwood Midstream expects to initially fund its $65 million portion of the purchase price utilizing its $1.0 billion revolving credit facility. Crestwood Midstream has approximately $125 million of remaining committed preferred equity available to be issued under its June 2014 equity agreement. Crestwood Equity will use the net sale proceeds to repay $130 million of loans outstanding under its revolving credit facility and reduce its loan commitments thereunder by an equal amount, which will result in Crestwood Equityhaving an aggregate borrowing capacity of $495 million under its credit agreement. Robert G. Phillips added: "This transaction is an important step in executing our strategy to establish Crestwood Equity as a pure-play general partner MLP.