Capital Markets | Credit Facility Change
Earthstone Energy's Credit Line Increased 21% to $1.7B
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In conjunction with the closing of its recent Permian acquisition, Earthstone Energy has announced the closing of an amendment to the Company's senior secured credit facility.
The lenders have increased the borrowing base from $1.4 billion to $1.7 billion, increased commitments from $800 million to $1.2 billion and introduced a term loan tranche to the Credit Facility as a portion of the $1.2 billion of current commitments.
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