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Rosetta Resources Inc. has reported the amendment of its Senior Revolving Credit Facility to increase the borrowing base.
The semi-annual borrowing base redetermination was recently completed for the Credit Facility and effective April 2, 2014, the Company's borrowing base increased from $800 million to $950 million. The committed amount under the Credit Facility was reconfirmed at $800 million with a maximum credit amount of $1.5 billion.
As of April 2, 2014, the Company had $60 million outstanding under the Credit Facility.