Edition:
United Kingdom

Stone Energy amends credit agreement to increase borrowing base to $360.0 mln - SEC filing


Tuesday, 14 Jun 2016 

Stone Energy Corp : Entered into Amendment No. 3 to fourth amended and restated credit agreement dated as of June 24, 2014 . Amendment amends credit agreement to increase borrowing base to $360.0 million from $300 million - SEC filing . Repaid $56.8 million in borrowings under credit agreement . Following payment, company has cash on hand of about $185 million . Company continues to assess various strategic alternatives to address its liquidity and capital structure Source: (http://1.usa.gov/1S4tuEj ) Further company coverage: [SGY.N] (Bengaluru Newsroom: +1 646 223 8780).