Whiting Petroleum upsizes revolving loans to $3.5 billion via JPMorgan

By Susanna Moon

Chicago, Dec. 22 – Whiting Petroleum Corp. and subsidiary Whiting Oil and Gas Corp. lifted their revolving credit facility to $3.5 billion, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement also provides for a term loan of up to $1 billion.

The revolver and term loan each has an initial borrowing base of $4.5 billion.

JPMorgan Chase Bank, NA is the administrative agent.

The revolver was increased from $2.5 billion.

Whiting is an oil and gas company based in Denver.

© 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.