Falcon Minerals decreases revolver’s borrowing base to $70 million

By Sarah Lizee

Olympia, Wash., May 7 – Falcon Minerals Corp. subsidiary Falcon Minerals Operating Partnership, LP amended its credit agreement with Citibank, NA as administrative agent on May 1, trimming the borrowing base of the $500 million revolver to $70 million from $90 million, according to an 8-K filing with the Securities and Exchange Commission.

The reduction was part of a scheduled redetermination of the borrowing base under the credit agreement.

Falcon Minerals owns mineral, royalty and over-riding royalty interests covering 251,000 gross unit acres in the Eagle Ford and Austin Chalk shales in Texas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.