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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M2 EQUITYBITES-December 21, 2016-RSP Permian announces increase in borrowing base and commitment size under amended and restated credit agreement
Aegean" or the "Company") today announced that it has successfully renewed its $1 Billion Secured Global Borrowing Base Multicurrency Revolving Credit Facility (the "Global Borrowing Base").
International Resource News-March 25, 2016--W&T Offshore decreases borrowing base under its revolving bank credit facility
2bn driven by the May 2013 borrowing base redetermination.
Mercuria" or the "Company") is pleased to announce the successful closing of its USD 700,000,000 uncommitted secured 18 months Borrowing Base Financing (the "Facility").
According to the company, the Revolving Credit Facility Amendment No 3 allows the company to add eligible unencumbered international assets to the borrowing base in support of its outstanding unsecured debt.
ENERGY RESOURCE-27 March 2009-Mariner Energy Reports Borrowing Base Reaffirmed(C)2009 JeraOne - http://www.
As these receivables are monetized and new receivables generated, nursing homes create additional collateral to include in their borrowing base (see below).
Other than an amendment to the size of the credit facility, there are three reasons why borrowing availability will deteriorate: (1) hi gher borrowings outstanding, (2) assets to support the borrowing base limit the amount the company can borrow, and (3) restrictive covenants.
Generally, the current assets of accounts receivable and inventory serve as the borrowing base for a revolving credit facility that can be drawn down and repaid.
The New Credit Facility has a five-year maturity, a $300 million commitment amount, an accordion feature to expand commitment amounts by up to $300 million and an initial $300 million borrowing base, which is $70 million higher than the borrowing base under its previous revolving credit facility (the "Previous Credit Facility").
M2 EQUITYBITES-October 18, 2016-Denbury reaffirms borrowing base at USD1.