Roan Resources Inc.
Description
Completed its Fall 2018 borrowing base redetermination process for its credit facility, maturing in September of 2022. All participating lenders consented to a borrowing base increase to $675 million, from $425 million. Additionally, the lender group agreed to amend the pricing grid to a LIBOR spread of 200 to 300 basis points, which is lower by 25 basis points. Also amended were certain reductions to fees relating to undrawn amounts.