Daily News: June 19, 2017

Citi, ABN AMRO Upsize Lonestar to $112MM, JPMorgan Added as Lender


Lonestar Resources US entered into a definitive amendment to expand the borrowing base under its senior secured credit facility from $112 million to $160 million, and has added JPMorgan Chase as a lender.

Lonestar CEO Frank D. Bracken, III, commented, “We are appreciative of Citibank and ABN Amro Bank, who stepped up to underwrite the senior secured facility, enabling Lonestar to execute our Eagle Ford Shale acquisitions. Additionally, we are extremely pleased to welcome JP Morgan Chase to the facility as another high-quality financial partner to our business.”

The company expects to have $105 million drawn on the facility after closing on its two previously announced Eagle Ford Shale acquisitions.