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Rosetta Resources increases borrowing base to $950 million


Published Apr 4, 2014
Rosetta Resources Inc.-2

Rosetta Resources Inc. announced the amendment of its Senior Revolving Credit Facility (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.

Tags: Rosetta Resources Inc.




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