Resolute Energy amends revolver's leverage ratio covenant

By Angela McDaniels

Tacoma, Wash., April 16 - Resolute Energy Corp. amended its revolving credit facility on Monday, changing the leverage ratio covenant.

The amendment adjusted the maximum ratio to

• 4.25 to 1.00 for the fiscal quarter ended Dec. 31;

• 4.85 to 1:00 for the fiscal quarter ended March 31;

• 4.50 to 1.00 for the fiscal quarters ending June 30 through Dec. 31, 2013;

• 4.25 to 1.00 for the fiscal quarter ending March 31, 2014; and

• 4.00 to 1.00 for the fiscal quarters ending June 30, 2014 and thereafter.

Wells Fargo Bank, NA is the administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Resolute Energy is an oil and gas company based in Denver.

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