Kodiak Oil & Gas Corp. - 2011-10-28
Description
In connection with its recent acquisition, the company and its lending group, consisting of Wells Fargo Bank, N.A., BMO Harris Financing, Inc., KeyBank NA, Royal Bank of Canada, and Credit Suisse AG entered into an amended and restated credit agreement to expand the company's existing senior secured revolving line of credit facility. The amendment increases Kodiak's senior secured revolving line of credit facility to $750 million, with an initial borrowing base of $225 million. This compares to the prior-level borrowing base of $110 million.