Debt | Capital Markets | Credit Facility Change
Roan Resources' Credit Facility Increased by $75MM
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Roan Resources, Inc. reported that its borrowing base on its revolving credit facility has been upsized by $75 million to $750 million.
As of the end of the fourth quarter 2018, Roan had $6.9 million of cash on the balance sheet and $514.6 million drawn on its revolving credit facility, for total net debt (non-GAAP) of $507.7 million.
Roan currently has no other outstanding debt or letters of credit, which provides the Company with approximately $240 million of available liquidity as of December 31, 2018, on a pro forma basis, which fully funds the 2019 development program.
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