Templar Energy’s borrowing base reaffirmed at $625 million

Templar Energy LLC’s borrowing base under its revolving credit facility has been reaffirmed at $625 million. 

In addition, effective March 6, the company amended its five-year revolving credit facility, originally entered into on Nov. 25, 2013. The amendment revised the net leverage ratio covenant for the remainder of the term of the facility.

Templar Energy, including its wholly owned operating subsidiary, Le Norman Operating LLC, is an independent exploration and production company, with a core focus in Western Oklahoma and the Texas Panhandle. 

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