RSP Permian LLC
Description
Borrowing base of RSP Permian LLC’s senior secured revolving credit facility was increased through an amended and restated credit agreement. Lenders’ maximum commitments were increased to $2.5 billion from $1 billion. Increased borrowing base only reflects the reserve growth from the company's Midland Basin assets and the recently closed first half of the Silver Hill acquisition. Bank syndicate co-arranged by JPMorgan Chase Bank NA and Comerica Bank was expanded from 11 participating banks to 21.