Rosetta Resources lifts revolver borrowing base to $950 million

By Toni Weeks

San Luis Obispo, Calif., April 2 - Rosetta Resources Inc. amended its senior revolving credit facility on Wednesday to increase the borrowing base to $950 million from $800 million, according to a press release.

The increase was due to the company's semiannual borrowing base redetermination, which was effective April 2.

The committed amount under the facility was reconfirmed at $800 million with a maximum credit amount of $1.5 billion.

As of Wednesday, the company had $60 million outstanding under the credit facility.

Rosetta Resources is a Houston-based independent producer and developer of oil and gas properties.

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