Callon works new deal with Regions

NATCHEZ — Callon Petroleum Company has completed a $100-million third amended and restated senior secured credit agreement with Regions Bank as the sole arranger and administrative agent.

The credit agreement provides an initial borrowing base of $20 million, which will be reviewed and re-determined on a semi-annual basis. There are no borrowings outstanding under the credit agreement, which matures Sept. 25, 2012.

The new credit agreement replaces the company’s existing borrowing base facility. Borrowings will be used for capital expenditures and general corporate purposes.

“We are pleased to announce this new credit facility and to continue Callon’s long-standing relationship with Regions Bank,” B.F. Weatherly, CFO, said. “This agreement adds to our strong liquidity position and will further our growth in 2010.”

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »