Constellation’s borrowing base set at $55 million

Constellation Energy Partners LLC

Constellation Energy Partners LLC (NYSE MKT: CEP) reports 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 and the ongoing PostRock Litigation, the borrowing base has been set by the lenders at $55 million.

Borrowings outstanding under the company’s reserve-based credit facility currently total $50.7 million, leaving the company with $4.3 million in borrowing capacity.

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