RSP Permian ups credit agreement base to $500 million, extends to 2019

By Tali Rackner

Norfolk, Va., Sept. 4 – RSP Permian, LLC increased the borrowing base under its credit agreement dated June 9, 2014 to $500 million from $375 million, according to an 8-K filing with the Securities and Exchange Commission.

The Aug. 29 amendment also increased the lenders’ total maximum facility commitments to $1 billion from $500 million and extends the revolving credit maturity date to Aug. 29, 2019. It also allows the company to issue senior notes and amend other provisions.

Comerica Bank is the administrative agent.

RSP is a Dallas-based oil and gas producer.

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