Edition:
United States

Penn Virginia announces closing of acquisition of Eagle Ford assets


Monday, 2 Oct 2017 08:19am EDT 

Oct 2 (Reuters) - Penn Virginia Corp ::Press release - Penn Virginia announces closing of acquisition of Eagle Ford assets.Penn Virginia Corp - co also announced that borrowing base under revolving credit facility increased from $200 million to about $238 million.Penn Virginia Corp - ‍in connection with acquisition, company entered into a credit agreement for a new $200 million second lien term loan​.Penn Virginia - used net proceeds from term loan, additional borrowings under co's revolving credit facility to finance Devon deal, related expenses​.