Borrowing base redetermination
A borrowing base is the amount of money that a lender is willing to loan a company, based on the value of the collateral the company pledges. The borrowing base is typically determined by a method known as "margining," in which the lender determines a discount factor, which is then multiplied by the value … See more Various assets may be used as collateral, including accounts receivable, inventory, and equipment. If a company approaches a lender to borrow money, the lender will assess the borrowing … See more Lenders feel more comfortable making loans rooted in borrowing bases since those loans are made against specific sets of assets. … See more Cabot Oil & Gas Corporation did not have any borrowings outstanding under its revolving credit facility as of March 31, 2016. Since then, on … See more The borrower must also provide the lender with certain information used to determine the borrowing base, including data on sales, collections, … See more WebRedetermination Date means the date that the redetermined Borrowing Base becomes effective subject to the notice requirements specified in Section 2.08 (e) both for scheduled redeterminations and unscheduled redeterminations. Sample 1 Sample 2 Sample 3. Based on 33 documents. Redetermination Date means (a) with respect to any Scheduled ...
Borrowing base redetermination
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WebJun 22, 2024 · This redetermination cycle has been more prolonged and less forgiving than previous cycles, with a number of the most distressed E&Ps still working through the … WebDec 27, 2024 · Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that its current borrowing base was reaffirmed at $1.1 billion as part of its semi-annual redetermination process for the ...
WebSection 2. Redetermination of the Borrowing Base and Reduction of the Aggregate Commitments. (b) Both the Borrower, on the one hand, and the Administrative Agent and the Lenders party hereto, on the other hand, agree that the foregoing redetermination of the Borrowing Base pursuant to Section 2(a) above (including the automatic monthly … WebApr 8, 2024 · Concurrent with the redetermination, BNK made a $3 million principal payment on its line of credit, reducing the outstanding amount to $23.5 million, and has …
WebScheduled Borrowing Base Redetermination. (a) Pursuant to Section 2.04(a) of the Credit Agreement, the currently effective Borrowing Base of $170,000,000 shall be maintained … WebDec 5, 2024 · Borrowing base Key takeaways Comment. Introduction. A recent survey collected energy finance professionals' viewpoints on expectations for the …
WebJun 1, 2024 · Jun. 1, 2024, 07:00 AM. CALGARY, June 1, 2024 /CNW/ - Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) ("Bonterra" or the "Company") today confirms it has executed an agreement with its ...
Weblenders, borrowers (oil and gas producers) and others are experiencing regarding borrowing base redeterminations in light of the price uncertainty in the commodity … defund the politicians t shirtsWebTHIS WAIVER, BORROWING BASE REDETERMINATION AND NINTH AMENDMENT TO CREDIT AGREEMENT (this “Waiver and Amendment”) dated as of December 30, 2015, among YUMA EXPLORATION AND PRODUCTION COMPANY, INC., a Delaware corporation (the “Borrower”), the undersigned lenders party to the Credit Agreement (the … defundthewar.comWebDec 24, 2015 · The next major event for BreitBurn is its April 2016 borrowing base redetermination. If oil is around $46 in April 2016, its borrowing base could be reduced … fence norman okWebSep 29, 2015 · The so-called borrowing base redetermination has pitted some banks against regulators who deemed some of these loans risky. But what is borrowing … fence number designWebJun 19, 2024 · Further, under the current redetermination case, the borrowing base is expected to remain above the maximum the Company can draw under the Facility for the entire life of the loan. fence no fence mexico wallWebOct 12, 2024 · Ring's borrowing base redetermination is scheduled for November 1. It may see another modest reduction in its borrowing base as capex spend has been limited after Q1 2024, resulting in its PDP ... fence of defense 売れないWebNov 5, 2015 · On November 2, 2015, the Company closed the quarterly borrowing base redetermination with Commonwealth Bank of Australia ("CBA") based on reserves at 30 September 2015. defund the republican party