Citibank acted as administrative agent on an amendment to Lonestar Resources’ senior secured facility. The amendment increased the borrowing base from $160 million to $190 million.
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 Resources said it closed a new $500 million senior secured credit facility arranged by Citibank. The bank group was expanded to include ABN Amro, Texas Capital Bank and Bank of Texas.