Synergy Resources entered into an eighth amendment to its credit agreement with SunTrust Bank as administrative agent.

The credit facility is currently undrawn, and the company elected to keep its commitment at $145 million.

The amendment provided for permission to issue senior unsecured notes, subject to certain conditions. If the aggregate amount of senior unsecured notes issued exceeds $100 million, then the company’s borrowing base will automatically be reduced by an amount equal to 25% of the stated principal amount of the senior unsecured notes in excess of $100 million.

In addition, the amendment adds certain European Union bail-in contractual recognition provisions. All other material terms of the credit agreement remain unchanged.

The company closed a $80 million private note offering, which occurred contemporaneously with the first closing its previously announced Greeley Crescent acquisition from Noble Energy for certain assets (approximately 33,100 net acres and 800 BOEPD in Weld County, CO) in the Wattenberg Field within the DJ Basin.

Later this week, Synergy expects to close on the previously announced divestiture of certain undeveloped acreage in Adams County, CO. The company anticipates the second closing on its Greeley Crescent acquisition for the operated production and remaining assets in late 2016.

The company also appointed Deloitte as its independent registered public accounting firm, replacing its former auditor.