Rice Energy amends credit agreement, lifts LoC sublimit to $175 million

By Toni Weeks

San Luis Obispo, Calif., Feb. 12 – Rice Energy Inc. amended its credit agreement on Feb. 6 with Wells Fargo Bank, NA as administrative agent, increasing the borrowing sublimit for letters of credit to $175 million from $100 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also provides a limited consent by the lenders to certain hedging agreements entered into by the company with respect to calendar months of 2015 exceeding maximum notional volume limitations contained in the credit agreement.

Wells Fargo Securities, LLC is the lead arranger and the bookrunner.

Canonsburg, Pa.-based Rice Energy is an oil and gas company.

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