Magnum Hunter Resources Corp. - 2011-08-17
Description
The company has reported that the it's wholly-owned subsidiary, Eureka Hunter Pipeline LLC, has closed a new credit facility totaling $150 million.
The Eureka Hunter Finance Facility is comprised of two tranches: (i) a revolving credit facility in the aggregate principal amount of up to $100 million secured by a first lien on the assets of Eureka Hunter Pipeline with an initial committed amount of $25 million; and (ii) a $50 million term loan secured by a second lien on such assets.