Halcon Resources, an independent energy company, amended its senior revolving credit agreement to reduce the borrowing base to $700 million.

According to a related 8-K filing, JPMorgan Chase served as administrative agent for the lender group. J.P. Morgan Securities served as sole lead arranger and joint bookrunner. Wells Fargo Securities served as joint bookrunner.

The amendment provides for amounts under the credit facility to bear interest at specified margins over the base rate of 1.50% to 2.50% for ABR-based loans or at specified margins over LIBOR of 2.50% to 3.50% for Eurodollar-based loans, based on utilization.

Halcon is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the U.S.