Houston midstream giant adds $1B in credit, considers spending reduction

Houston-based Enterprise Products Partners LP (NYSE: EPD) has picked up another $1 billion in credit, giving it more room to borrow money.

The additional credit represents a 20 percent increase for the company’s existing $5 million in aggregate borrowing capacity, according to a Securities and Exchange Commission filing. That gives Enterprise additional liquidity if it decides to move forward on new projects or make acquisitions, but the funding could also simply be used as working capital or to…