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Mid-Con Energy Partners Increases Borrowing Base

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April 15, 2014

Mid-Con Energy Partners LP (NasdaqGS: MCEP) increased its borrowing base to $170 million, up 13% from $150 million, the company said April 14. The increase became effective April 11, the company noted.

The company received lender commitments to raise the borrowing base, Mid-Con Energy Partners said, noting that previous commitments held the amount at $150 million. The company has a $250 million senior secured revolving credit facility, Mid-Con Energy noted.

Royal Bank of Canada was the administrative agent for the upsizing, and other lenders included BOKF N.A., Comerica Bank, Wells ...

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