Daily News: January 9, 2018

Wells Fargo Upsizes Extraction Oil Facility to $750MM

Extraction Oil & Gas increased its borrowing base to $750 million, up from $650 million. The company’s amended credit agreement also increases the maximum account for letters of credit to $35 million.

According to a related 8-K filing, Wells Fargo served as administrative agent and issuing lender for the transaction.