Voyager Oil & Gas Inc. - 2012-02-13

Voyager Oil & Gas Inc. closed on a $150-million credit facility with Macquarie Bank Ltd. The facility will be used to retire existing debt and accelerate development and production growth in the Williston Basin. The credit facility is a two-tranche loan. The first tranche has a face amount of $100 million and an initial borrowing base of $15 million. The second tranche provides up to $50 million for certain development and acquisitions and carries annual interest of LIBOR plus 7.5%.