Delta Petroleum amends facility, removing assets to liabilities covenant for March 31 quarter

By Sara Rosenberg

New York, March 10 - Delta Petroleum Corp. amended its credit facility, removing the minimum consolidated current assets to consolidated current liabilities 1.0 to 1.0 ratio requirement for the quarter ending March 31, according to an 8-K filed with the Securities and Exchange Commission Friday.

The amendment is effective as of March 6.

JPMorgan Chase Bank is the lead bank on the deal.

Delta Petroleum is a Denver-based independent energy company.

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