Rice Energy amends facility to lift borrowing base to $1.6 billion

By Wendy Van Sickle

Columbus, Ohio, June 20 – Rice Energy Inc. entered into on Friday a third amendment to its fourth amended and restated credit agreement with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The lenders completed their semiannual redetermination of the borrowing base scheduled for May and increased the borrowing base to $1.6 billion from $1.45 billion.

The amendment established that aggregate elected commitment amounts are $1.6 billion as of the amendment effective date.

The next redetermination of the borrowing base is scheduled for October.

The independent oil and gas company is based in Canonsburg, Pa.

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