FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


JPMorgan Chase Arranges $250MM Credit Facility for Goodrich Petroleum

October 19, 2017, 07:08 AM
Filed Under: Oil & Gas

Goodrich Petroleum Corporation announced that it has entered into a $250 million Senior Secured Revolving Credit Agreement with JPMorgan Chase Bank, N.A. as Joint Lead Arranger, Sole Bookrunner and Administrative Agent and SunTrust Bank and SunTrust Robinson Humphrey as Syndication Agent and Joint Lead Arranger, respectively.

The Credit Facility has an initial borrowing base of $40 million and contains customary terms and conditions, including semi-annual borrowing base redeterminations. The Company had $31.1 million of cash on hand as of September 30, 2017 and  has $23.3 million currently available under the Credit Facility.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.