Continental CLR

Post Reply
Fraser921
Posts: 2996
Joined: Mon Mar 22, 2021 11:48 am

Continental CLR

Post by Fraser921 »

They got another 300m on credit line

On November 22, 2021, Continental Resources, Inc., an Oklahoma corporation (the “Company”), as borrower, MUFG Union Bank, N.A., as administrative agent, and the increasing lenders party thereto entered into that certain Incremental Commitment Activation Notice, which supplemented that certain Revolving Credit Agreement, dated as of October 29, 2021 (as may be further amended, restated, amended and restated, supplemented or otherwise modified from time to time), among the Company, as borrower, MUFG Union Bank, N.A., as administrative agent, and the lenders party thereto in order to increase the amount of the aggregate commitments by $300 million to total aggregate commitments of $2.0 billion.

So in summary

New debt 1.6
Credit line 2.0
Cash. . 7
Q4 cash to date . 4

Liquidity. 4.7

Pxd purchase. (3.2)
Fraser921
Posts: 2996
Joined: Mon Mar 22, 2021 11:48 am

Re: Continental CLR

Post by Fraser921 »

$ 50 today 2 days ago 45.27.

Thank you Team Biden
Post Reply