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Bonanza Creek Energy, who earlier announced it was acquiring HighPoint Resources said today that its semi-annual borrowing base redetermination has been completed and re-affirmed at $260 million with $20 million drawn as of 9/30/3030
Eric Greager, President and Chief Executive Officer, commented, "We are pleased that our bank syndicate reaffirmed its commitment to Bonanza Creek. We appreciate the supportive relationships we've developed with our syndicate members and look forward to continued dialogue with the group as we continue to move toward the closing of the HighPoint transaction."
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