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OFS - Finance Briefs - March 12, 2019
Halliburton entered into a new $3.5 billion revolving credit agreement, a $500 million from its existing revolver. The 2019 agreement will expire in March 2024, replacing the $3 billion five-year agreement that would have matured in July 2020. Citibank will remain as lead manager, although the new revolver is a syndicate of eight financial institutions instead of the previous 26. The older revolver would have increased to $4.5 billion if Halliburton’s planned acquisition of Baker Hughes had been completed. Forbes Energy Services, a contractor based in Alice, Texas,......
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