Halcon Resources amends revolver, lifting size and borrowing base

By Sara Rosenberg

New York, Aug. 2 - Halcon Resources Corp. amended its revolving credit facility, increasing the size to $1.5 billion from $1 billion and the borrowing base to $525 million from $225 million, according to an 8-K filed with the Securities and Exchange Commission on Thursday.

Pricing on the revolver can range from Libor plus 150 basis points to 250 bps based on utilization.

JPMorgan Chase Bank is the administrative agent on the deal.

The amendment was effective on Aug. 1 in connection with the closing of the acquisition of GeoResources Inc.

Halcon is a Houston-based independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties.

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