Borrowing Base

Borrowing Base

The amount of money that a lender may advance for each dollar (or other currency unit) the borrower pledges as collateral. More liquid collateral results in a higher borrowing base. See also: Margining.
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Also, 100% lender approval will be required for a borrowing base in excess of $800 million at the next redetermination, expected in August 2009.
As these receivables are monetized and new receivables generated, nursing homes create additional collateral to include in their borrowing base (see below).
Bellatrix" or the "Company") (TSX, NYSE: BXE) announces the results of its semi-annual borrowing base redetermination under the Company's secured revolving credit facilities ("Credit Facility"), resulting in approximately $200 million of available liquidity based on September 30, 2015 debt balances.
The Company's next borrowing base redetermination is scheduled for the spring of 2015.
NASDAQ:BBEP) today announced the completion of its semi-annual borrowing base redetermination with its syndicate of lenders in its credit facility.
Bellatrix" or the "Company") (TSX, NYSE: BXE) announces that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has approved, subject to completion of final documentation, an increase to the Company's borrowing base and credit facilities to $725 million from $625 million.
Borrowing base increased 35% with an extended term to October 2012
16, 2014 /PRNewswire/ -- Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") announced today that the borrowing base under its bank credit facility has been increased to $4.
HOUSTON -- Swift Energy Company (NYSE: SFY) announced today that in conjunction with the normal semi-annual review, its ten member bank group has re-determined the Company's borrowing base and commitment amount under its revolving credit facility to be $300 million, effective May 1, 2009.
NYSE MKT: NOG) ("Northern") today announced an increase to the borrowing base under its revolving credit facility agreement with its bank syndicate.
The lenders reaffirmed the aggregate borrowing base commitments under the EXCO Resources, Inc.
Nasdaq:EVEP) today announced it has completed its semi-annual borrowing base redetermination process with the syndicate of lenders in its credit facility, resulting in its borrowing base being revised to $465 million.