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Warren Resources announces increase in borrowing base under senior credit facility


Published May 21, 2013
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Warren Resources, Inc.

Warren Resources, Inc. says that that the syndicate of lenders underwriting the Company's $300 million senior secured credit facility has increased the conforming borrowing base to $145 million as a result of completing the spring 2013 semi-annual redetermination.

As of May 17, 2013, Warren has $89.5 million of debt outstanding under its Credit Facility, leaving $55.5 million available. The next borrowing base redetermination is scheduled for November 2013.

Tags: Inc., Warren Resources




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