Mid-Con Energy unit lifts borrowing base of revolver to $100 million

By Marisa Wong

Madison, Wis., April 27 - Mid-Con Energy Partners, LP's wholly owned subsidiary, Mid-Con Energy Properties, LLC, amended its $250 million five-year senior secured revolving credit agreement on April 23, according to an 8-K filed Friday with the Securities and Exchange Commission.

The main purpose of the amendment was to increase Mid-Con Energy Properties' borrowing base to $100 million from $75 million. The increase is effective until the next borrowing base determination date.

The amendment also added Wells Fargo Bank, NA as a lender under the credit agreement.

The Dallas-based energy company entered into the five-year revolver on Dec. 20 with Royal Bank of Canada as administrative agent and RBC Capital Markets as lead arranger and bookrunner.

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