Kolibri Global Energy and its indirect, wholly-owned subsidiary, BNK Petroleum, entered into a $75 million revolving line of credit from BOK Financial with an initial commitment amount of $20 million.
BOK Financial issued a borrowing base redetermination to BNK Petroleum’s revolving line of credit, lowering the bowering base to $23.5 million.
Morgan Stanley Capital Group has reaffirmed its commitment to BNK Petroleum’s credit facility of $24.4 million.
BNK Petroleum said that Morgan Stanley Capital Group increased its commitment amount under a credit facility announced in 2014 from $15.9 million to $24.4 million.
BNK Petroleum announced its indirect wholly owned subsidiary obtained a new $100 million credit facility from Morgan Stanley Capital Group.
BNK Petroleum (US) obtained a new $76 million credit facility from Morgan Stanley Capital Group. The initial commitment amount of the new reserve-based facility is $61 million with an additional uncommitted amount of $15 million available at the discretion of MSCGI.