WildHorse amends credit agreement, ups borrowing base to $875 million

By Tali Rackner

Minneapolis, Oct. 5 – WildHorse Resource Development Corp. entered into a third amendment to its credit agreement on Wednesday to increase the borrowing base to $875 million from $612.5 million and the aggregate elected commitment amounts to $875 million, according to an 8-K filing with the Securities and Exchange Commission.

In addition, the aggregate maximum credit amount was raised to $2 billion.

Borrowings bear interest at Libor plus 200 basis points to 300 bps, depending on total commitment use percentage. The commitment fee ranges from 37.5 bps to 50 bps.

Wells Fargo Bank, NA is the administrative agent.

WildHorse is an oil and natural gas company based in Houston.

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