October 18, 2016 / 11:15 AM / in a year

BRIEF-Oasis Petroleum Inc - to pay SM Energy a deposit of around $78.5 mln

Oct 18 (Reuters) - Oasis Petroleum Inc :

* Oasis Petroleum Inc - will pay to SM Energy a deposit of approximately $78.5 million contemporaneously with execution of purchase agreement - sec filing

* Oasis Petroleum - entered amendment to second amended and restated credit agreement in connection with scheduled redetermination of borrowing base

* Oasis Petroleum - following the redetermination, the borrowing base and elected commitments were reaffirmed at $1,150 million - sec filing

* Oasis Petroleum - next redetermination of the company’s borrowing base is scheduled for April 1, 2017

* Oasis Petroleum-expects to partially fund purchase price with net proceeds from equity offering,remainder with revolving credit facility Source text for Eikon: [ID:bit.ly/2eMjWX7] Further company coverage:

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