Capital Markets | Credit Facility Change
Roan Resources' Borrowing Base Upped +59% to $675MM
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Roan Resources has completed its Fall 2018 Borrowing Base redetermination process for its Credit Facility, maturing in September of 2022.
All participating lenders consented to a Borrowing Base increase to $675 million, from $425 million. This is an increase of +59%.
Additionally, the lender group agreed to amend the pricing grid to a LIBOR spread of 200 to 300 basis points, which is lower by 25 basis points. Also amended were certain reductions to fees relating to undrawn amounts.
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