Callon Petroleum Co.

Description

Extended maturity date of senior secured revolving credit facility until May 25, 2022, and increased borrowing base by 30%. Also increased lenders’ maximum commitments from $500 million to $2 billion. Borrowing base increase reflects reserve growth from Midland Basin assets and recently added Delaware Basin assets. Initial aggregate commitment amount is $500 million. Bank syndicate, co-arranged by JPMorgan Chase Bank, NA, Capital One NA, Citibank NA and The Bank of Nova Scotia, included four new lenders.

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Estimated Price
$650.0MM
Financing Type
Report Date