KCS Energy repays $5.5 million of revolver borrowings at the end of June

By Sara Rosenberg

New York, July 5 - KCS Energy Inc. repaid $5.5 million of its revolving credit facility borrowings between June 20 and June 30, bringing the balance down to $15 million, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The company anticipates making routine borrowings under the revolver during the third quarter to finance its short-term working capital requirements.

KCS is a Houston-based independent oil and gas company.

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