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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Increases Extraction Oil and Gas Facility to $750MM
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Lenders/Participants
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Wells Fargo Bank [Administrative Agent]
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Structure
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Credit Facility Amendment, Upsize
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Amount
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$750.000
Million
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Borrower(s)
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Extraction Oil & Gas, Inc.
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Description
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The Amendment provides that the borrowing base under the Credit Agreement be increased to $750 million as of the November 1, 2017 redetermination of the borrowing base and that the commitment amounts be reallocated to the lenders in accordance with the schedule set forth in the Amendment. While the Amendment re-determined the borrowing base under the Credit Agreement at $750 million, the maximum amount that may be borrowed under the credit facility is subject to the current maximum lending commitments of $650 million. The Amendment also provides that the maximum amount for the letter of credit issued in favor of a purchaser of the Company’s crude oil be increased from $25 million to $35 million.
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Industry
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Energy
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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