Rosetta Resources amends to revise alternate base rate definition

By Sara Rosenberg

New York, Oct. 23 - Rosetta Resources Inc. amended its revolving credit facility and second-lien loan, deleting the reference bank cost of funds rate option in the definition of alternate base rate, according to an 8-K filed with the Securities and Exchange Commission on Friday.

In addition, the amendment allows the company to make investments in U.S. government securities, which mature in 15 months rather than one year.

The amendment was completed on Oct. 22.

Also, on Oct. 20, the lenders under the revolver approved the company's request for an adjusted borrowing base of $350 million.

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

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