DENVER, May 27 (Bernama-GLOBE NEWSWIRE) -- Sundance Energy Australia Limited (ASX:SEA) ("Sundance" or the "Company"), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford and Greater Anadarko Basin, is pleased to announce the completion of its second quarter 2016 borrowing base redetermination. The borrowing base under its Revolving Credit Facility with Morgan Stanley has been reaffirmed at $67 million. CEO and Managing Director Eric McCrady commented, "We are pleased with the outcome of the semi-annual redetermination of our borrowing base and appreciate Morgan Stanley's support."
The Company's Term Loan with Morgan Stanley remains unchanged at $125 million. The Revolving Credit Facility matures in May 2020 and the Term Loan matures in November 2020.
The Company's Term Loan with Morgan Stanley remains unchanged at $125 million. The Revolving Credit Facility matures in May 2020 and the Term Loan matures in November 2020.
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