Anadarko Petroleum (APC) Issues Update; Boosts Q4 Oil Sales-Volume Outlook
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Anadarko Provides Interim Fourth-Quarter Update
December 17, 2015 7:45 AM ESTHOUSTON, Dec. 17, 2015 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced extensions to the maturity dates of its credit facilities and also provided an interim update on its fourth-quarter performance.
Anadarko extended the maturity of its $3 billion unsecured revolving credit facility to January 2021 and received commitments to renew its $2 billion 364-day credit facility upon its expiration in January 2016, to a new maturity in 2017, further supporting the company's strong liquidity position. These extensions were achieved with no changes to covenants or pricing and with 100-percent participation from the company's bank group.
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