Endeavour International and subsidiary up revolver to $125 million

By Toni Weeks

San Diego, Oct. 3 - Endeavour International Corp. and subsidiary Endeavour Energy UK Ltd. entered into an incremental commitment agreement on Sept. 27 with Cyan Partners, LP as administrative agent to increase the company's revolving credit facility to $125 million from $100 million, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

The amount available for borrowings may be increased to $150 million.

On Sept. 28, the subsidiary borrowed an additional $15 million under the revolver and now has $115,153,333 of borrowings outstanding under the facility, the filing noted.

In connection with the amendments, Cyan will receive a fee of $1.25 million.

Endeavour International is a Houston-based oil and gas exploration and production company.

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