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Bellatrix Exploration Ltd. Increases Credit Facilities

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May 27, 2014

A syndicate of lenders approved increases to the borrowing base and credit facilities of Bellatrix Exploration Ltd. (NYSE MKT: BXE, TO: BXE.TO), the company said May 26.

The Calgary, Alberta-based company had its borrowing base and credit facilities increased 25% to C$625 million from $500 million, it noted. This increase was due to strong 2013 drilling results, as well as strong drilling results in this year’s first-quarter, Bellatrix said. Also, the acquisition of Calgary-based Angle Energy Inc. provided “benefits” for reserves and production growth, the company noted.

The increased credit ...

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