Goodrich Petroleum Corp.


Goodrich Petroleum Corporation said that it has entered into a $250 million senior secured revolving credit agreement with JP Morgan Chase Bank NA (NYSE: JPM) and SunTrust Bank and SunTrust Robinson Humphrey, Inc. The credit facility has an initial borrowing base of $40 million and contains customary terms and conditions, including semi-annual borrowing base redeterminations. The company had $31.1 million of cash on hand as of Sept. 30 and has $23.3 million currently available under the credit facility.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date