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CM - Callon closes $5B credit facility concurrent with Carrizo buy - January 2020

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Callon Petroleum signed a new $5 billion credit agreement with a 22-member lending syndicate that provides a senior secured revolving credit facility with a $2.5 billion initial borrowing base. For now, Callon has elected an initial $2 billion aggregate commitment from that base, and it had about $1.3 billion in borrowings outstanding under the facility as of Dec. 20, the date it closed the purchase of Carrizo Oil & Gas. The facility will mature......
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