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CM - Credit & Debt Brief - October 25, 2019
Riviera Resources, Inc and lenders made a number of changes to its RBC-led credit facility during fall redetermination, including extending the maturity to Aug. 4, 2021, reducing the borrowing base to $90 million and permitting certain assets to be sold without further reduction to the borrowing base. Interest rates for all loans were decreased by 50 bps. The company said the facility was also updated to reflect a possible replacement of LIBOR as the......
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