Bonanza creek energy announces results of borrowing base redetermination

Bonanza creek energy, inc. announced that the lenders under its senior secured credit facility have concluded their semi-annual redetermination and reaffirmed the borrowing base of $375 million and the elected commitments of $350 million. as of september 30, 2019, the company had $80 million drawn on the facility and held approximately $8 million in cash.
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