The company said that lender Toronto Dominion Texas had reduced its borrowing base to $150 million from $350 million following a redetermination.
As the company had drawn down $340 million from a revolving credit facility, it is now faced with a $191 repayment requirement.
The company has multiple options: It can either "pre-pay" off the excess borrowings or inform that it plans to repay the amount in three monthly installments.
The
