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Merged Montage Resources ups borrowing base to $375 million
Chicago, Feb. 28 – Eclipse Resources Corp. and Blue Ridge Mountain Resources, Inc., newly merged, entered into an amended and restated credit agreement on Thursday to increase the newly merged company’s borrowing base to $375 million from $225 million, according to a company news release.
The maturity date has been extended to 2024.
Eclipse Resources and Blue Ridge Mountain Resources announced the closing of their strategic combination and changed the name of the company to Montage Resources Corp.
Montage Resources, formerly Eclipse Resources Corp. and Blue Ridge Mountain Resources, Inc. is an exploration and production company based in Irving, Texas.
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