SilverBow Resources Inc.

Description

Entered into an amendment to its senior secured revolving credit facility under which the $300 million borrowing base has been increased by $160 million to $460 million in connection with its regularly scheduled semi-annual redetermination and in conjunction with closing of a previously announced acquisition in October. Concurrently also entered into an amendment to its second lien facility, which extends the maturity date from December 2024 to December 2026 subject to paying down the principal amount of the second lien facility from $200 million to $150 million. SilverBow intended to make the $50 million payment later in November.

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Estimated Price
$460.0MM
Financing Type
Report Date