Dynamic Offshore Resources LLC - 2011-07-11

The company has entered into a new four-year, $750 million senior secured credit facility with a syndicate of ten banks led by The Royal Bank of Scotland plc. The new credit facility, replaces the company's previous $350 million facility, which was due to expire in July 2012. The borrowing base has increased from $195 million to $300 million, resulting in substantial available liquidity for the company.

Banks participating in the facility include The Royal Bank of Scotland plc as Administrative Agent, Capital One NA and Regions Bank as Co-Syndication Agents, Citibank and Natixis as Co-Documentation Agents, as well as Deutsche Bank, UBS, Credit Suisse, Frost Bank and IBERIABANK.