Sundance Energy reduces credit facility pricing by 25 bps

By Wendy Van Sickle

Columbus, Ohio, May 21 – Sundance Energy Australia Ltd. reduced its credit facility’s pricing grid by 25 basis points during its spring borrowing base redetermination, according to a press release.

The borrowing base availability was also increased to $170 million from $122.5 million and two additional members were added to the bank syndicate, bringing the total number of members to seven.

Sundance is an oil and natural gas company based in Norwood, Australia, with a wholly owned U.S. subsidiary, Sundance Energy Inc., located in Denver.

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