PetroQuest Energy, Inc. PQ announced today that the Company has amended the credit agreement with its
bank group extending the maturity date from October 2013 to October 2016. In
connection with the amendment, the Company's lenders completed their
semi-annual redetermination of the borrowing base under the revolving credit
facility and increased the borrowing base from $100 million to $125 million,
subject to the aggregate commitments of the lenders, which presently total
$100 million at the Company's request.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in