RSP Permian decreases revolver’s margin by 50 bps, ups borrowing base

By Wendy Van Sickle

Columbus, Ohio, Oct. 23 – RSP Permian, Inc. entered into an amendment on Thursday to its amended and restated credit agreement that decreases the applicable margin and increases the borrowing base of RSP Permian, LLC’s senior secured revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

Specifically, the interest rate was reduced to Libor plus 150 basis points to 250 bps from Libor plus 200 bps to 300 bps, and the borrowing base was increased to $1.5 billion from $1.1 billion.

The applicable margin is based on the company’s usage.

JPMorgan Chase Bank, NA is the administrative agent.

RSP Permian is an oil and natural gas company based in Dallas.

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