Three Rivers to pay down revolver via proceeds from common stock

By Ashley Montgomery

Kansas City, Kan., Jan. 27 - Three Rivers Operating Co. Inc. said it intends to use the proceeds from its sale of common stock to repay amounts outstanding on its revolving credit facility.

As of Sept. 30, the company said it owed $286.5 million on its credit facility, which matures April 9, 2014.

Three Rivers is an oil and natural gas exploration and production company based in Austin, Texas.

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