Parsley Energy Increases Committed Portion of Credit Facility to $500 Million
28 April 2015 - 6:30AM
Business Wire
Parsley Energy, Inc. (NYSE: PE) (“Parsley” or the “Company”)
today announced that aggregate lender commitments under its
revolving credit facility have been increased by $135 million to
$500 million. Aggregate commitments equal the Company’s $500
million borrowing base, which was reduced by approximately $61
million in the April 1, 2015 redetermination by its bank lending
group. Parsley currently has no outstanding borrowings under its
credit facility, leaving $500 million of unused borrowing
capacity.
About Parsley Energy,
Inc.
Parsley Energy, Inc. is an independent oil and natural gas
company focused on the acquisition, development, and exploitation
of unconventional oil and natural gas reserves in the Permian Basin
in West Texas. For more information, visit our website at
www.parsleyenergy.com.
Parsley Energy, Inc.Brad Smith, CFA, 512-505-5199Director,
Investor Relationsir@parsleyenergy.comorDennard ▪ Lascar
AssociatesJack Lascar, 713-529-6600jlascar@dennardlascar.comorLisa
Elliott, 713-529-6600lelliott@dennardlascar.com
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