DALLAS -- Mid-Con Energy Partners LP, (Nasdaq: MCEP) announced today that it has increased its borrowing base to $100 million from $75 million, a 33% increase, under its existing $250 million secured revolving credit facility. Wells Fargo Bank NA. joined the lender group as a participant with this increase. The increase results in borrowing availability of $55 million under the Revolving Credit Facility based on $45 million of debt outstanding as of December 31, 2011. Royal Bank of Canada acts as the Administrative Agent with BOKF NA and Wells Fargo Bank NA as participant lenders. The borrowing base is subject to scheduled redeterminations on or about April 30th and October 31st of each year.
Hart Energy Events
Register below to begin receiving Oil and Gas Investor weekly newsletter.