Newfield Exploration Co. (NYSE: NFX) amended its five-year revolving credit facility originally entered into on June 2, 2011, the company said in a March 5 statement. The amendment increased the available borrowing capacity under the revolving credit facility from $1.4 billion to $1.8 billion and extended the term by two years, resulting in a maturity date of June 25, 2020.
A total of 16 lenders participated in the $1.8 billion credit facility. J.P. Morgan Securities LLC and Wells Fargo Securities LLC served as joint bookrunners and joint lead arrangers.
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