Finance & Investing | Capital Markets
Synergy's Borrowing Base Reaffirmed at $145 Million, Undrawn
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Synergy Resources Corp. reported that its borrowing base on its revolving credit facility has been re-affirmed at $145 million, which is currently undrawn, and that the Company has elected to keep its commitment at this level.
The Company also announced the closing of its previously disclosed $80 million private note offering, which occurred contemporaneously with the first closing of the Greeley Crescent Acquisition.
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