WildHorse Resource Development Corp. (NYSE: WRD) has increased its borrowing base under its revolving credit facility to $875 million from $612.5 million, it said on Oct. 5.
WildHorse said the increase was the result of its regularly scheduled semi-annual redetermination.
In addition, WRD’s lender group has expanded from 15 lenders to 17 lenders. The revolving credit facility matures in Dec. 2021 and the financial covenants remain unchanged.
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