Resolute Energy revolver’s borrowing base reset at $105 million

By Wendy Van Sickle

Columbus, Ohio, March 29 – Resolute Energy Corp.’s revolving credit facility’s borrowing base was set at $105 million as a result of its annual spring borrowing base redetermination, which was completed on Friday, according to an 8-K filing with the Securities and Exchange Commission.

Prior to the redetermination, the borrowing base was $145 million.

The revolver is provided for by Resolute’s second amended and restated credit agreement dated March 30, 2010 with Wells Fargo Bank, NA as administrative agent.

Resolute Energy is a Denver-based oil and gas company.

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