RBC Agents Borrowing Base Increase to Mid-Con Energy
Mid-Con Energy Partners announced it has received lender commitments to increase its borrowing base to $130 million, up 30% from $100 million previously established under its existing $250 million senior secured revolving credit facility.
The company said Royal Bank of Canada acted as the administrative agent and is joined by BOKF, Comerica Bank and Wells Fargo as participating lenders.
The borrowing base is subject to scheduled redeterminations on or about April 30 and October 31 of each year.
Dallas, TX-based Mid-Con Energy Partners is a Delaware limited partnership formed in July 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on the mid-continent region of the United States.