Alta Mesa lifts senior secured revolver borrowing base to $350 million

By Marisa Wong

Madison, Wis., Aug. 7 – Alta Mesa Holdings, LP entered into a ninth amendment to its senior secured revolving credit facility on Aug. 5 to increase the borrowing base to $350 million, according to an 8-K filing with the Securities and Exchange Commission.

This represents a $65 million increase over the previous level of $285 million.

The next scheduled redetermination of the borrowing base is Nov. 1.

Wells Fargo Bank, NA is the agent for the facility, and Union Bank, NA is the co-agent.

Alta Mesa is a Houston-based onshore oil and gas exploration and production company.

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