Rosetta Resources borrows an additional $25 million under second-lien term loan

By Sara Rosenberg

New York, April 24 - Rosetta Resources Inc. increased borrowings under its second-lien term loan to $100 million from $75 million, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The increase was comprised of a $20 million fixed-rate loan bearing interest at 13.75% from Prudential Insurance Co. of America, as an additional lender under the agreement, and a $5 million increase in the floating-rate loan from Wells Fargo Energy Capital Inc.

Closing on the increase took place on April 21.

Rosetta is a Houston-based oil and gas company.

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