Swift Energy gets $55 million increase to bank loan borrowing base

By Sara Rosenberg

New York, Nov. 5 - Swift Energy Co.'s borrowing base under its credit facility was increased to $250 million from $195 million, the company said. However, the company has opted to maintain the commitment amount at $150 million.

Under the credit agreement, the company can increase the commitment amount to the new borrowing base at its discretion, according to a news release.

The $55 million borrowing base increase became effective Nov. 1.

Swift Energy is a Houston oil and gas company.

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