Alta Mesa draws remaining $141.94 million under first-lien facility

By Marisa Wong

Morgantown, W.Va., March 17 – Alta Mesa Holdings, LP borrowed $141,935,000 under its sixth amended and restated credit agreement dated May 13, 2010 with Wells Fargo Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The amount borrowed on Wednesday represents the remaining undrawn amount that was available under the first-lien credit facility.

Following funding of this drawdown, the aggregate principal amount of borrowings under the first-lien facility was $300 million, including $6,065,000 of outstanding letters of credit.

The new borrowings bear interest at 3.25%.

The onshore oil and gas company is based in Houston.

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