Cimarex Energy (XEC) Gets More Credit From JP Morgan

April 15, 2009 4:20 PM EDT

Cimarex Energy Co. (NYSE: XEC) entered into a new three-year senior secured revolving credit facility. The new facility increases bank commitments from $500 million to a fully-subscribed $800 million. The borrowing base remains unchanged at $1 billion.

The credit facility is provided by a syndicate of 14 banks led by JP Morgan Chase Bank, N.A. and matures on April 14, 2012.

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