Clayton Williams amends loan, extending tenor, increasing borrowing base

By Sara Rosenberg

New York, July 14 - Clayton Williams Energy Inc. amended its credit facility, extending the maturity by two years to May 21, 2009 and increasing the borrowing base to $200 million from $150 million, according to an 8-K filed with the Securities and Exchange Commission Friday.

The amendment was completed on June 30.

JPMorgan is the administrative agent on the deal.

Clayton Williams is a Midland, Texas-based oil and gas company.

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