Finance & Investing | Fundraising | Capital Markets
Oasis Petroleum Borrowing Base Redetermined; $1.525B
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Oasis Petroleum Inc. reported that the lenders under its senior secured revolving credit facility completed their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1,525 million. The next redetermination of the borrowing base is scheduled for April 1, 2016.
Additionally, the Company announced the commencement of three concurrent consent solicitations respecting amendments to the indentures governing its outstanding 7.25% Senior Notes due 2019, 6.5% Senior Notes due 2021 and 6.875% Senior Notes due 2023. Currently, $400,000,000 in aggregate principal amount of the Notes of each series is outstanding.
The Amendments would permit the Company to incur secured indebtedness under its senior secured revolving credit facility in an amount at any time…
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