Earthstone ups revolver borrowing base, pushes maturity to 2027

By Mary-Katherine Stinson

Lexington, Ky., June 2 – Earthstone Energy, Inc. entered an amendment to the company’s senior secured revolving credit facility increasing the borrowing base to $1.4 billion from $1.325 billion and extending its maturity to June 2027, according to a press release on Thursday.

The amendment also reduced the interest rate for outstanding amounts, among other things.

Elected commitment under the facility remains at $800 million.

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

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