Current ROAN Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Roan reaffirms $750 Million borrowing base
Roan Resources (stock ticker: ROAN) received commitments for a $100 million term loan facility this week, securing funds affiliated with certain shareholders represented on its board of directors.

Interest rates for the loan are expected to be equal to three-month LIBOR plus 7.5%. In exchange for the financial commitments, Roan has agreed to issue 1% of the outstanding shares of Class A common stock to lenders by June 26.

The term loan facility is expected to close by the end of the month.

 

 

Roan has also completed its June borrowing base redetermination for its revolving credit facility, with the company’s b...


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