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CM - Credit & Debt Briefs - June 12, 2019
Gulfport Energy signed a 14th amendment to its credit agreement with lenders led by the Bank of Nova Scotia. The changes allow Gulfport to designate certain of its subsidiaries as unrestricted subsidiaries and to include LIBOR replacement provisions. The borrowing base was reaffirmed at $1.4 billion, and Gulfport’s elected commitment amount remained at $1 billion. Private Denver E&P company Nine Point Energy, LLC entered into a new $320 million term loan facility with AB Private Credit Investors to fund growth of its development program in the Williston Basin.......
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