Bonterra Energy Corp. announces that following a semi-annual review of its credit facilities that its borrowing base has been cut a mere 10% from $425 to $380.
Debt facility is comprised of a $330 million syndicated revolving credit facility, and a $50 million non-syndicated revolving credit facility. The revolving period on the facilities expires on April 30, 2017.
As at May 31, 2016, Bonterra had approximately $340 million drawn on the revised $380 million credit facilities.
Related Categories :
Borrowing Base Cut
More Borrowing Base Cut News
-
Exterran Corp.'s Credit Facility Reduced to $650MM; Down 7% from Prior
-
Kosmos Borrowing Base Cut by $130MM to $1.32B
-
Permian E&P Borrowing Base Cut -13%; Shoring Up Balance Sheet -
-
Berry Corp. Borrowing Base Reduced to $200MM; Hedges Added
-
Panhandle's Credit Cut Over 50% to $32MM; Current Debt of $28MM
Canada News >>>
-
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
-
Petrus Resources Ltd. First Quarter 2023 Results
-
Cardinal Energy Ltd. First Quarter 2023 Results
-
Headwater Exploration Inc. First Quarter 2023 Results -
-
Rubellite Energy Inc. First Quarter 2023 Results