On July 31, 2018, Shell Midstream Partners, L.P. and Shell Treasury Center (West) Inc. entered into a seven-year fixed rate credit facility with a borrowing capacity of $600.0 million. Shell Midstream incurred an issuance fee of $1.3 million, which will be paid on or about August 7, 2018. The Seven Year Fixed Facility bears an interest rate of 4.06% per annum and matures on July 31, 2025. The Seven Year Fixed Facility contains customary representations, warranties, covenants and events of default, the occurrence of which would permit the lender to accelerate the maturity date of amounts borrowed under the Seven Year Fixed Facility. The Seven Year Fixed Facility was fully drawn on August 1, 2018 and the borrowings were used to partially repay borrowings under the Shell Midstream's five year revolving credit facility with Shell Treasury due December 2022. On August 1, 2018, the Shell Midstream and Shell Treasury amended and restated the Partnership's five year revolving credit facility with STCW due October 2019 such that the facility will now mature on July 31, 2023. Borrowings under the Five Year Revolver due July 2023 will still bear interest at LIBOR rate plus a margin. There is no issuance fee associated with this amendment. All other material terms and conditions of the Five Year Revolver due July 2023 were unchanged.