Approach Resources Inc. - 2015-09-25

Description

Completed the scheduled semiannual borrowing base redetermination of its revolving credit facility. The bank group has reaffirmed the lender commitment and borrowing base at $450 million. As of Sept. 24, Approach had $276 million outstanding under its facility, with liquidity of $177 million.

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Estimated Price
$450.0MM
Financing Type
Report Date