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JPMorgan Chase Bank Agents Refi of Newfield Exploration Credit Facilities

March 27, 2018, 08:00 AM
Filed Under: Energy

Newfield Exploration Company refinanced its existing revolving credit facility by entering into a revolving credit facility represented by an Amended and Restated Credit Agreement, dated as of March 23, 2018, by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, (the “Credit Agreement”), which amended and restated the Company’s existing credit facility in its entirety. The Credit Agreement, among other things extended the maturity from June25, 2020 to May1, 2023; and added mechanics to increase commitments, subject to certain conditions, so long as the aggregate commitments under the credit facility do not exceed $2,750,000,000.

Newfield Exploration Company is an independent energy company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids (NGLs). 


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