Rosetta Resources (ROSE) Expands, Extends Revolving Facility
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On April 25, 2012, Rosetta Resources Inc. (Nasdaq: ROSE) entered into the Fifth Amendment to Amended and Restated Senior Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders signatory thereto.
The Amendment, among other things, (1) increases the borrowing base to $625 million, (2) modifies the applicable margins for borrowings under the Credit Agreement including the London Interbank Offered Rate, the Alternative Base Rate and the Commitment Fee, and (3) increases Rosetta’s capacity to hedge its production.
The Amendment, among other things, (1) increases the borrowing base to $625 million, (2) modifies the applicable margins for borrowings under the Credit Agreement including the London Interbank Offered Rate, the Alternative Base Rate and the Commitment Fee, and (3) increases Rosetta’s capacity to hedge its production.
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