Midstates Petroleum Co. Inc.
Description
Midstates Petroleum Co. Inc. said that, as a result of its lenders’ semi-annual review, the borrowing base under its revolving credit facility has been reaffirmed at $170 million. The company currently has approximately $128 million drawn under its credit facility, resulting in net debt of approximately $55 million as of October 31, 2017. The next scheduled borrowing base redetermination will occur on or about April 1, 2018.