Alta Mesa Holdings closes sale of Alta Mesa Eagle

Alta Mesa Holdings LP has closed the sale of its subsidiary Alta Mesa Eagle LLC, which owns certain oil and gas producing properties in the Eagle Ford shale area and other assets, to EnerVest Ltd. and its affiliates.

Net proceeds from the sale transaction were used to pay down Alta Mesa Holding's senior credit facility. After giving effect to the sale and repayment, the borrowing base under the company's senior credit facility was reduced to $255 million and the amount drawn was $158 million.

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