Eagle Rock Reports 17% Boost in Upstream Borrowing Base


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Eagle Rock Energy Partners (Nasdaq: EROC) today announced that effective October 1,2012, the upstream component of the borrowing base under its senior securedcredit facility has been increased to $400 million by its commercial lendersas part of the Partnership's regularly scheduled semi-annual redeterminationof the upstream component of the borrowing base. This represents an increaseof approximately $58 million over the previous upstream component of theborrowing base.The Partnership's total borrowing base, including its midstream component (aslast determined as of June 30, 2012) and giving effect to the new upstreamcomponent, is approximately $780 million. The total borrowing capacity underthe senior secured credit facility is limited to the lower of the borrowingbase and the total lender commitments, which remain unchanged at $675 million.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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