Earthstone Energy again increases borrowing base on revolving credit facility

Chicago, Sept. 20 – Earthstone Energy, Inc. increased the borrowing base on its senior secured revolving credit facility to $650 million from $550 million, according to a press release.

As of Aug. 31, Earthstone had around $1.2 million in cash and $286.6 million of long-term debt outstanding on the credit facility.

With the borrowing base increase, the company had $363.4 million of undrawn borrowing base capacity and $1.2 million in cash, for total liquidity of around $364.6 million.

Wells Fargo is the issuing bank and administrative agent.

Royal Bank of Canada is a syndication agent. Truist Bank is the documentation agent.

Earthstone is an oil and gas company based in The Woodlands, Tex.

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