Mesa Energy Holdings Inc. - 2011-07-26

Description

The company has reported that Mesa Energy Inc. (MEI), a wholly-owned subsidiary, has entered into a $25 million senior secured revolving line of credit facility with F & M Bank and Trust Company.

The senior credit facility was completed to provide financing for the acquisition of Tchefuncte Natural Resources LLC (TNR) and to provide working capital for field enhancements and other general corporate purposes.

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Estimated Price
$25.0MM
Financing Type
Report Date