News Column

CONSTELLATION ENERGY PARTNERS LLC FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

May 6, 2014



Item 8.01 Other Events.

Borrowing Base Redetermination

On May 6, 2014, Constellation Energy Partners LLC reported that its lenders have completed a semi-annual review of the company's borrowing base pursuant to the terms of its reserve-based credit facility. Based on this review, the borrowing base has been increased from $55.0 million to $70.0 million.

Borrowings outstanding under the company's reserve based credit facility currently total approximately $52.0 million, leaving the company with approximately $18.0 million in borrowing capacity. The company maintained $2.9 million in cash and equivalents as of May 5, 2014.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. 1 Exhibit Number Description 99.1 Press Release dated May 6, 2014.



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters