Finance - Debt
The increased credit facilities will be available to finance Bellatrix's ongoing capital expenditures, working capital requirements, and for general corporate purposes.
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The borrowing base will be increased to $650 million from $362.5 million, effective immediately.
The deal adds roughly 30% of reserves to the company’s 19.1 MMboe.
The Denver-based partnership intends to use the net proceeds to repay borrowings.
The company intends to use proceeds from the placement for Illinois Basin development.
Sunoco Logistics Partners Operations intends to use the net proceeds of approximately $990 million to repay outstanding borrowings under its $1.50 billion revolving credit facility and for general partnership purposes.
The company intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility and for general corporate purposes.
Net proceeds from the sale of the notes will be used to repay borrowings under the company's credit facilities.
SM Energy intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility and for general corporate purposes.
The Corpus Christi facility would be Cheniere’s second project to export natural gas from booming U.S. shale production.
BMO Capital Markets and Barclays Bank PLC acted as joint lead arrangers and joint bookrunners for the transaction.