Clayton Williams repays revolver borrowings with asset sale proceeds

By Sara Rosenberg

New York, June 7 - Clayton Williams Energy Inc. repaid a portion of its revolving credit facility debt using proceeds from the $77 million sale of interests in 22 operated and 76 non-operated producing wells in North Louisiana to WildHorse Resources LLC, according to a news release.

Following the repayment, there was about $127 million of borrowings left under the $300 million revolver.

Clayton Williams is a Midland, Texas-based independent energy.

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