Alta Mesa Holdings LP - 2015-06-03


Lenders completed semiannual redetermination of borrowing base, which was set at $300 million. A $125 million second-lien senior secured term loan with Morgan Stanley Energy Capital Inc. was also closed. Net proceeds of about $121 million from the loan paid part of the outstanding borrowings under the senior revolving credit facility. About $225 million was drawn under the facility. The facility will now mature Oct. 13, 2017. The loan matures April 15, 2018. A 10-bank syndicate was led by Wells Fargo Bank NA for the credit facility redetermination, and Union Bank NA was a co-agent. Morgan Stanley was the arranger for the second-lien senior secured term loan.

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