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Company News Summary
Sundance Energy Australia Closes US$300m Credit Facility with Wells Fargo
02 Jan 2013 | 12:16:00 | Associate analysts | Increase | Decrease | 
Original announcement: US$300 Million Credit Facility with Wells Fargo
Sundance Energy Australia announced that on 31 December 2012 in the US, the company closed a new US$300m senior credit facility with Wells Fargo with a five-year term. The initial borrowing base amount, based on an evaluation of the company's proved reserves as of 30 September 2012, is US$30m, of which US$15m was used to repay and retire its outstanding loan with Bank of Oklahoma.
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