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Talos Energy has reported that its lender has increased its borrowing base.
The borrowing base under the Company's bank credit facility increased from $600 million to $850 million (up +42%).
Talos has elected to maintain the current $600 million commitment amount based upon its current liquidity needs; however, the Company could increase the commitment amount up to the $850 million borrowing base if circumstances change.
The next scheduled borrowing base redetermination is expected to be on or about April 30, 2019.
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