Brigham Resources amends $290 million revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, June 8 – Brigham Resources, LLC entered on June 3 into a fifth amendment to its credit facility with Wells Fargo Bank, NA as administrative agent to increase the borrowing base and elected commitments to $290 million from $230 million, according to an 8-K filed with the Securities and Exchange Commission.

Further, the amendment effected a transition of the benchmark interest rate to SOFR from Libor.

The borrower is a wholly owned subsidiary of Brigham Minerals, Inc., an Austin, Tex.-based company focused on acquiring oil and gas mineral rights across the United States.

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