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Parsley Energy has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a Company-elected commitment amount of $1.0 billion.
The amendment also adds five new lenders under the credit agreement: Canadian Imperial Bank of Commerce, New York Branch; Capital One, National Association; Citibank, N.A.; PNC Bank, National Association; and UBS AG, Stamford Branch.
Parsley currently has no outstanding borrowings under its credit facility.
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Borrowing Base Increase
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