Bonanza creek energy announces results of borrowing base redetermination

Denver, dec. 22, 2020 (globe newswire) -- bonanza creek energy, inc. (nyse: bcei) (the "company" or "bonanza creek") today announced that the lenders under its senior secured credit facility have concluded their semi-annual redetermination and reaffirmed the facility's borrowing base of $260 million and the elected commitments of $260 million. as of september 30, 2020, the company had $20 million drawn on the facility and held approximately $4 million in cash. currently, the facility is undrawn.
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