Capital Markets | Credit Facility Change
Journey Energy's Credit Facility Reduced by $10MM to $90MM
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Journey Energy Inc. reported that in the latest determination, its credit facilities have been reduced from the current amount of $100 million to $90 million.
The new facility is comprised of a $75 million syndicated revolving term credit facility and a $15 million working capital facility.
Journey is currently drawn approximately $70 million on its credit facilities. Journey’s management believes that the revised credit facilities will provide adequate liquidity for the execution of its 2019 business plan.
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