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.

Mentioned in ?

Prequalification

References in periodicals archive ?

The Term Loan Credit Agreement is subject to a combined borrowing base together with the Company's existing asset based revolving credit facility.

Francesca's to focus on turnaround plan following strategic alternatives review

Tulsa-based Mid-Con also announced a new borrowing base of $110 million, providing $41 million in liquidity, net of letters of credit.

Mid-Con Energy completes acquisition

BANKING AND CREDIT NEWS-October 18, 2018-Samson Resources II announces 50% increase in reserve-based lending borrowing base

Samson Resources II announces 50% increase in reserve-based lending borrowing base

M2 EQUITYBITES-October 18, 2018-Samson Resources II announces 50% increase in reserve-based lending borrowing base

Samson Resources II announces 50% increase in reserve-based lending borrowing base

Global Banking News-October 18, 2018-Samson Resources II announces 50% increase in reserve-based lending borrowing base

Samson Resources II announces 50% increase in reserve-based lending borrowing base

The RCF syndicate of lenders have agreed to maintain the Company's borrowing base of $120 million until June 30, 2018 after which time the borrowing base will decrease to $110 million.

Canada : Petrus Resources Announces Term Loan Extension and Credit Facility Update

The UAE-based $2-billion Phoenix Group, a global agricultural and food company engaged in the production, procurement, processing, merchandising, distribution, announced the setting up of a $205 million (Dh752.35 million) borrowing base facility to expand its rice business in India, Asia and Africa.

UAE'S PHOENIX GROUP RAISES DH752M

Dubai - The UAE-based $2-billion Phoenix Group, a global agricultural and food company engaged in the production, procurement, processing, merchandising, distribution, announced today the setting up of a $205 million (Dh752.35 million) borrowing base facility to expand its rice business in India, Asia and Africa.

UAE's Phoenix Group raises Dh752m

(TSX:ZAR)(TSX:ZAR.DB) has renewed and extended its committed syndicated credit facilities with a borrowing base of USD70m compared with USD88m.

Zargon Oil & Gas renews and extends committed syndicated credit facilities

Fitch believes future reserve based loan borrowing base cuts could be more severe than in the past given recent reserve asset write-downs, declining production and low market prices.

Fitch: Many U.S. HY E&P Loans Could Be Marked Classified by OCC

The amendment also raises the inventory cap on the borrowing base from USD 3.5m to USD 4m.

IntriCon Increases Borrowing Capacity Under Credit Facilities

While price/barrel of crude oil affects borrowing base levels the historical relationship is not 1-to-1.