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CM - Parsley elects larger revolver base at $1.075B, reports Q1 loss - May 2020
Parsley Energy Inc. gave itself a $75 million bump in its elected borrowing base commitments on its revolving credit facility to $1.075 billion while its lenders reaffirmed their committed base of $2.7 billion. The facility’s maturity was extended by two years to Oct. 28, 2023, and the letters of credit component of the facility doubled to $60 million. All of this came with an increase in applicable borrowing margins to 200-300 bps over LIBOR,......
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