Encore Acquisition Co. - 2007-03-19
Description
Entered a five-year US$1.25-billion senior secured credit facility due 2012 with a US$650-million initial borrowing base to replace its previous $750-million credit facility and a subsidiary entered a new five-year, $300-million senior secured credit facility due 2012 with an initial borrowing base of $115 million. Bank of America is administrative agent for both financings.