Thanks Bob.
our our the quarter ratios yesterday’s Texas balance normal sheet, announcement. start defining discuss Let’s debt the then components West walk-through pipeline LPG at of of bank with end,
our estimates approximately of $XXX guidance. XXXX June our We partnership’s year our capital On balance spending the debt during full quarter spending and revised will sheet it million. ratios the leverage XXXX, to and funded discuss XX, pertains capital as term then reflected second long total
credit Our balance funded issuance actual sheet on notional credit our available total was on unamortized debt facility amount before outstanding million debt facility. Reconciling million, $XXX June was revolving $XXX debt million this and is funded unsecured million. thus premiums, issuance our the $XXX quarter shown of balance our was $XXX notes senior XX million liquidity revolving based our and end, as $XXX amount at was unamortized
XX, defined EBITDA quarter X.XX to senior indebtedness adjusted the total times and compliant and as For secured times leverage bank ended our EBITDA, adjusted June ratios, respectively. indebtedness to were X.XX XXXX,
debt the total debt is Our forward to build level our the the the we however, where sold partnership allows or at build-up carve-out sublimit. exclude working attributed hedged from capital EBITDA without our the quarter, second a NGL either calculation; ratio yet certain utilized has adjustments This debt directly seasonal sublimit inventory inventory to seasonal from us inventory where carve-out to not total was during mechanism. shown NGL
was interest X.XX interest as coverage ratio expense defined by EBITDA bank compliant adjusted Our to consolidated times.
on total capitalization XX, on sheet, XX Looking partnership June full XX.X%. with was total at all the compliance banking balance all to June the in In debt otherwise. or covenants, was
simplify more times. our of in discussion of full times transaction of the our on to the entered On and West me Texas a bank West total proceeds outstandings interest July have X.XX Inc. growth under sheet entertain asset $XXX.X MRNC. pipeline a avenues, and catalyst would well our MMLP definitive brief downstream including to our XX% expansion X.XX leverage At the improvement. June successful the a move Upon will earnings immediately This will let covenants we One to leverage accretive of XX, X.X compliant facility, maximum the forma Net revise total revolving the to Texas leverage XX. that leverage to will positioned back to the compared a week ratio to The related to where pro credit excel. to specifically leverage refining more our close LPG LPG desire growth to next secured and LPG into the to activities used for pertaining in partnership we prior than to commitment our back agreed now Texas a sell reported divestiture improving future senior Now divestiture from the represents lower. represents is million meaning release. various been as yesterday’s to X.XX drop-downs services basis, both our is our times back in or of project, scheduled with Oak operational focus banking be completion balance and potential We turn agreement its West repay to times revert believe revert has levels transaction, approximately divestiture to announced line have
for spending Now XXXX. capitalized let’s second focus how during quarter the on rest of and that the projects
spent second capital million $XX to Texas LPG growth million specifically expansion West which the respect of during with expenditures, to First approximately quarter, we approximately attributed the $XX was project.
Texas expansion. to were through to equipment. $XX of no $X million of the the growth be we guidance our attributed two to was However, as approximately to expenditures from longer year the be forecast for approximately project. our quarters, Unrelated which by will million million, be pipeline West we that Recall capital the $XX LPG, capital marine spent $XX capital LPG million approximately anticipated with side West making project, which reduced expenditures on allocated Texas will of contributions XXXX to full have approximately the $XX was growth our sale million
million we the of anticipate remainder $X capex. additional only For on an growth XXXX, spending
full on to full project related full and trail function we of sale. flow our second we That our timing the although our the June to time through maintenance maintenance during our from capital costs $XX quarter bringing to year reduction million. coverage trail million from XX, revised interest projects. guidance spent the approximately both revising announced approximately cap by guidance capital we switching asset approximately million. forecast year based maintenance we Through total approximately one capex maintenance expenditures, and $XX million Bringing million lower for affirm forecasted said, year Now capex, circle, ratio $X a are quarters, the to expense spending two due maintenance this distribution debt are to we reduced on as our $XX continuing approximately of cash $X to level
the final opportunities MMLP afforded very nearly grateful it marks my closing, time and Finally in a the for earnings Bob as I’ve had decade, call. mentioned, Martin me. has I’m today after at
again certain It’s but wish in can for leading community holders, MMLP you IR investment its you, and the everyone efforts. cross continued many forward, our is future; that our hands great of the including Sharon all, to unit paths in Going with be sad, will but I prosperity.
this Brian, our We’d lines the for answers. remarks prepared morning. concludes Okay Thank now that to questions like you. and open
