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CM - Amplify amends revolver to account for Midstates merger - August 2019



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Amplify Energy Corp. entered into a second amendment to its credit agreement in light of its pending combination with Midstates Petroleum expected in Q3. Lenders attached to the $425 million revolving credit facility, led by BMO, would have the right to redetermine the borrowing base on or after Sept. 1 and amend certain other provisions of the facility if the combination with Midstates does not transpire by that date. Pro forma for the combination, the company will have $295 million in liquidity, $32 million in cash and $262......
 
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