Cabot Oil & Gas Corp. - 2010-10-05

Closed on a new revolving credit facility, extending the maturity five years, or until 2015; added commitments, increasing the line to $900 million from $500 million; and established a $1.5 billion borrowing base, 11% above the previous mark, even with a lower commodity price outlook. To accomplish this expansion, all of Cabot's existing providers increased their commitments and one new institution was added.