Finance & Investing | Capital Markets | Private Equity Activity
Sanchez Production Partners Reaffirms $70MM Borrowing Base
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Sanchez Production Partners LLC reported that its lenders have completed a semi-annual review of the company's borrowing base pursuant to the terms of its reserve-based credit facility. Based on this review, the borrowing base has been reaffirmed by the lenders at $70.0 million.
Borrowings outstanding under the company’s reserve-based credit facility currently total $42.5 million, leaving the company with $27.5 million in borrowing capacity.