Brief: Journey Energy Announces Update To Annual Credit Facility Review

Journey Energy

07/06/2019 23:03

June 7 (Reuters) - Journey Energy Inc  JOY.TO :
    * JOURNEY ENERGY INC. ANNOUNCES UPDATE TO ITS ANNUAL CREDIT FACILITY REVIEW
    * JOURNEY ENERGY INC - ANNUAL BORROWING BASE REDETERMINATION OF ITS CREDIT
FACILITIES HAS BEEN FINALIZED
    * JOURNEY ENERGY INC - AMENDED CREDIT FACILITIES HAVE BEEN REDUCED FROM
CURRENT
AMOUNT OF $100 MILLION TO $90 MILLION
    * JOURNEY ENERGY INC - NEW FACILITY IS COMPRISED OF A $75 MILLION SYNDICATED
REVOLVING TERM CREDIT FACILITY AND A $15 MILLION WORKING CAPITAL FACILITY
    * JOURNEY ENERGY INC - MANAGEMENT BELIEVES THAT REVISED CREDIT FACILITIES
WILL
PROVIDE ADEQUATE LIQUIDITY FOR EXECUTION OF ITS 2019 BUSINESS PLAN

Source text for Eikon:  ID:nCNWjwLyKa 
Further company coverage:  JOY.TO 

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