Mariner Energy amends revolver, increasing borrowing base

By Sara Rosenberg

New York, June 3 - Mariner Energy Inc. amended its senior secured revolving credit facility to accommodate an increased borrowing base of $850 million, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The increase resulted from a regular borrowing base redetermination and is $100 million higher since the last redetermination in January.

The amendment was completed on June 2.

Union Bank of California is the administrative agent on the deal.

Mariner is a Houston-based independent oil and gas exploration, development and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.