American Energy - Utica amends term loan, lifts size to $950 million

By Susanna Moon

Chicago, Feb. 20 - American Energy - Utica LLC, an affiliate of American Energy Partners LP, amended its senior secured credit facility for $500 million of incremental borrowings under its term loan facility, which increases the total borrowing capacity to $950 million, according to a company press release.

Settlement has been set for Feb. 27.

Proceeds will be used to facilitate the funding of the company's pending leasehold acquisitions and planned capital expenditures for its drilling and development program in the southern Utica Shale.

Oklahoma City-based American Energy is involved in onshore U.S. unconventional resource plays.

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