Citibank Reaffirms Roan Resources $750MM Borrowing Base
Roan Resources has received commitments for a $100 million term loan and reaffirmed its current borrowing base of $750 million.
June 21, 2019
Citibank | Roan Resources
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Roan Resources has received commitments for a $100 million term loan and reaffirmed its current borrowing base of $750 million.
Citibank served as administrative agent on an upsize of $75 million for oil and gas company Roan Resources’ revolving credit facility, increasing the borrowing base to $750 million.
Roan Resources completed its fall 2018 borrowing base redetermination process resulting in an increase to $675 million from $425 million and a reduction in the pricing grid to a LIBOR spread of 200 to 300 basis points, which is lower by 25 basis points.