EP Energy reaffirms borrowing base

EP Energy Corp.’s (NYSE: EPE) wholly owned subsidiary EP Energy LLC has concluded the semi-annual borrowing base review of its reserve-based loan (RBL) credit facility and the lender group unanimously reaffirmed its current value of $2.75 billion. 

EP Energy LLC also extended the maturity date of the facility from May 2017 to May 2019, provided that the company's 2018 and 2019 secured term loans and senior secured notes are retired or refinanced six months prior to maturity. 

The RBL facility is supported by 27 financial institutions.

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