PDC Energy Inc. - 2016-05-16

Borrowing base on its revolving credit facility was reaffirmed. The commitment level was also maintained, at $450 million. Company also settled its 3.25% convertible senior notes due 2016, paying the principal balance plus cash for fractional shares totaling about $115 million, utilizing proceeds from its March equity offering. PDC also issued 792,406 common shares.