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Mid-Con Energy lifts borrowing base to $150 million, extends maturity
By Marisa Wong
Madison, Wis., Nov. 6 - Mid-Con Energy Partners, LP amended its $250 million five-year credit agreement with Royal Bank of Canada dated Dec. 20, 2011 on Tuesday to increase the borrowing base to $150 million from $130 million, according to an 8-K filing with the Securities and Exchange Commission.
The increase is effective until the next borrowing base determination date.
Additionally, the maturity of the credit agreement was extended by two years to November 2018.
The amendment also added the Bank of Nova Scotia as a lender under the credit agreement.
The energy company is based in Dallas.
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