Rex Energy reaffirmed its existing $190 million borrowing base under the company’s senior secured credit facility, inclusive of the previously announced sale of the Illinois Basin asset. According to an 8-K filing, the Royal Bank of Canada served as administrative agent for the lenders.

“I would like to thank our bank group for their continued support of Rex Energy,” said Tom Stabley, Rex Energy’s president and CEO. “One of the key components of our strategy is to maintain our liquidity and flexibility as we work towards our goal of having our core acreage in the Appalachian Basin held by production. With the various transactions we have executed over the past year to improve overall liquidity and reduce capital expenditures, the reaffirmed borrowing base is another positive step towards achieving our goals.”

State College, PA-based Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin.