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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The Term Loan Credit Agreement is subject to a combined borrowing base together with the Company's existing asset based revolving credit facility.
Tulsa-based Mid-Con also announced a new borrowing base of $110 million, providing $41 million in liquidity, net of letters of credit.
BANKING AND CREDIT NEWS-October 18, 2018-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
Global Banking News-October 18, 2018-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.
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.
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.
(TSX:ZAR)(TSX:ZAR.DB) has renewed and extended its committed syndicated credit facilities with a borrowing base of USD70m compared with USD88m.
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.
The amendment also raises the inventory cap on the borrowing base from USD 3.5m to USD 4m.
While price/barrel of crude oil affects borrowing base levels the historical relationship is not 1-to-1.