Rosehill Resources draws full amount under revolving credit facility

By Sarah Lizee

Olympia, Wash., March 19 – Rosehill Resources Inc. drew the full amount available under its revolving credit facility as a precautionary measure in order to increase its cash position and preserve financial flexibility in light of current uncertainty in the global markets and commodity prices, the company said in a news release.

After the draw, the company’s total debt under the credit facility increased to $340 million with total cash on hand of $73 million.

The company said it remains fully compliant with all of its financial covenants.

Rosehill Resources is a Houston-based oil and gas company.

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