Whiting Petroleum gets amended and restated five-year credit facility

By Sara Rosenberg

New York, Oct. 15 - Whiting Petroleum Corp. closed on an amended and restated revolving credit facility due in 2015 that has a borrowing base of $1.1 billion, according to a news release.

JPMorgan acted as the lead bank and administrative agent on the deal.

Proceeds were used to replace the company's existing credit facility.

As of Oct. 14, $190 million was drawn on the facility and $400,000 of letters of credit was outstanding, resulting in $909.6 million of availability.

Whiting Petroleum is a Denver-based independent oil and gas company.

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