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Prospect News home > News index > List of issuers E > Headlines for Energen Corp. > News item |
Energen extends deadline to issue notes without borrowing base cut
By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – Energen Corp. amended its credit agreement with Wells Fargo Bank, NA as administrative agent on Tuesday to extend a deadline relating to new senior notes that may be issued by the company, according to an 8-K filing with the Securities and Exchange Commission.
Specifically, the deadline for issuing those notes without a reduction in the borrowing base was extended from delivery of the notice of a new borrowing base for the redetermination scheduled for Oct. 1 to delivery of the notice of a new borrowing base for the redetermination scheduled for April 1.
At the Oct. 1 redetermination, the borrowing base was reaffirmed at $1.05 billion.
Energen is an oil and gas exploration and production company based in Birmingham, Ala.
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