Sundance Energy Australia, a U.S. onshore oil and gas exploration and production company, completed its Q2/16 borrowing base redetermination.

The borrowing base under its revolving credit facility with Morgan Stanley was reaffirmed at $67 million.

The company’s term loan with Morgan Stanley remains unchanged at $125 million. The revolving credit facility matures in May 2020 and the term loan matures in November 2020.

“We are pleased with the outcome of the semi-annual redetermination of our borrowing base and appreciate Morgan Stanley’s support,” said Eric McCrady, Sundance Energy Australia CEO and managing director.

Sundance Energy Australia is an Australian-based, independent energy exploration company, with a wholly owned U.S. subsidiary, Sundance Energy, located in Denver. The company is focused on the acquisition and development of large, repeatable oil and natural gas resource plays in North America. Current activities are focused in the Eagle Ford and Greater Anadarko Basins.