Delta Petroleum Corp. - 2010-11-23

Received a commitment letter for a new senior secured credit facility with Macquarie Bank Ltd. involving an initial commitment of up to $50 million, comprising a $30-million revolving line of credit (Tranche A) and a $20-million advancing term loan (Tranche B). Borrowings will be made to pay the outstanding balance on the company's existing credit facility, which will then be terminated.