• Most Popular
  • Most Shared

EOG hikes credit line to $1 bln from $600 mln

Wed May 23, 2007 5:48pm EDT

Stocks

   

HOUSTON, May 23 (Reuters) - Natural gas producer EOG Resources Inc. (EOG.N) has increased its 5-year unsecured credit agreement to $1 billion from $600 million, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

Bonds

EOG also asked its lenders for the option to request letters of credit totaling up to $1 billion, replacing the prior limit of $200 million, according to the filing.

A spokeswoman with the Houston-based company was not available to comment on why the changes were made.

Shares of EOG closed down 1 cent at $77.52 on the New York Stock Exchange.

Bonds


More from Reuters

Afghan insurgents kill CIA agents, Canadians

KABUL (Reuters) - Insurgents intensified their campaign against military targets and U.S.-led forces in Afghanistan, killing eight U.S. CIA agents at a base and four Canadian servicemen on patrol and a journalist accompanying them.

» More Top News
A security camera sits on a building in New York City March 6, 2008. REUTERS/Joshua Lott

Trial run in Times Square

Critics say the Sept. 11 trials will endanger America's most populated city. Will a New Year's Eve plan hold up as New York's security template?  Full Article 

U.S.
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary