RSP Permian lifts loan borrowing base to $500 million, extends to 2019

By Susanna Moon

Chicago, Sept. 2 – RSP Permian, Inc. said it amended its revolving credit facility, raising the borrowing base to $500 million from $375 million and lifting the lenders’ maximum facility commitments to $1 billion from $500 million.

The company also extended the maturity by two years to August 2019 and amended the loan terms to allow RSP to issue senior notes, according to a company press release.

The amendments are related to the company’s acquisitions in Glasscock County for $257 million in cash.

RSP is an oil and gas producer based in Dallas.

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