Cabot Oil $500 million revolver pricing range: Libor plus 200-300 bps

By Sara Rosenberg

New York, April 29 - Cabot Oil & Gas Corp.'s new $500 million three-year unsecured revolving credit facility carries pricing that can range from Libor plus 200 basis points to 300 bps based on debt percentage, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

There is a 50 bps commitment fee.

JPMorgan and Bank of America acted as the joint bookrunners and co-lead arrangers on the deal that was completed on April 24, with JPMorgan the administrative agent.

The revolver includes a $100 million accordion feature.

The company's borrowing base now totals $1.35 billion and there is currently over $450 million of borrowing capacity.

Cabot is a Houston-based independent natural gas producer.

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