Denbury Resources Inc. - 2016-04-20

Description

Lenders reduced its borrowing base by 30%. The amendment to its credit facility increased the mortgaged property collateral requirement to 90% from 85% of its proved reserves. The amendment also allows the company to take on $1 billion of junior-lien debt that can be issued in exchange for the company's senior subordinated notes or other unsecured debt.

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Estimated Price
$1,050.0MM
Financing Type
Report Date