Sanchez Production Partners LLC (NYSE MKT: SPP) reported Jan. 13 that its borrowing base has been reaffirmed at $70 million.
The Houston company's lenders completed a semi-annual review of its borrowing base pursuant to the terms of its reserve-based credit facility.
Borrowings outstanding under the company’s reserve-based credit facility currently total $42.5 million, leaving the company with $27.5 million in borrowing capacity.
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