Swift Energy Co. - 2010-09-21

Extended $500 million revolving credit facility maturity to October 15, 2015. The initial borrowing base is set at $300 million, with an option to increase the aggregate amount available to $700 million. The facility will help fund the development of the company's liquids-rich acreage position, primarily in the Eagle Ford shale and Olmos tight gas sand formation in Texas. The credit facility, arranged by J.P. Morgan Securities LLC, was syndicated to a group of banks that includes JPMorgan Chase Bank N.A., Bank of Scotland plc, BNP Paribas, Société Générale, Wells Fargo Bank, N.A., BBVA Compass, Comerica Bank, Natixis, and Amegy Bank National Association.