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CM - Credit & Debt Briefs - November 15, 2019
Oasis Petroleum Inc. emerged from its fall redetermination $250 million lighter with a $1.1 billion credit facility, its lowest level since its spring 2013 redetermination of $900 million. The company said it had reduced debt under facility by $125 million during Q3 to $406 million outstanding as of Sept. 30. Wells Fargo leads Oasis’ 20-member lending syndicate. Extraction Oil & Gas and lenders reduced the company’s borrowing base and elected commitments to $950 million......
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