Form 8-K STONE ENERGY CORP For: Jun 14

Go back to Form 8-K STONE ENERGY CORP For: Jun 14

Stone Energy (SGY) Borrowing Base Increased to $360M from $300M

June 15, 2016 7:26 AM EDT

Stone Energy (NYSE: SGY) adds to Tuesday gains after the company entered into Amendment No. 3 to the Fourth Amended and Restated Credit Agreement dated as of June 24, 2014 among the Company, certain of the Companys subsidiaries, as guarantors, and the financial institutions party thereto. The Amendment, among other things, amends the Credit Agreement to increase the borrowing base to $360.0 million from $300 million.

From the filing:

On June 14, 2016, Stone Energy Corporation (the Company) entered... More