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Dune Energy amends credit facility, modifying debt to EBITDAX ratio
By Sara Rosenberg
New York, Sept. 27 - Dune Energy Inc. amended its credit facility, revising the debt to EBITDAX ratio to 5.0 times from 4.0 times through March 31, 2013, at which time it will step down to 4.0 times, according to an 8-K filed with the Securities and Exchange Commission on Thursday.
The amendment was completed on Sept. 25.
Bank of Montreal is the administrative agent on the deal.
Dune Energy is a Houston-based energy company.
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