debt agreement?

Still waiting on whether those term sheets have been negotiated to satisfactory terms.

Just going off of what MHR had in place..

"Upon and as a result of the closing of the sale of the Eagle Ford Assets on January 28, 2014, the borrowing base under Magnum Hunter’s asset-based, senior secured revolving credit facility maturing April 13, 2016 was automatically reduced by $10 million to $232.5 million as of the closing pursuant to the terms of Magnum Hunter’s Third Amended and Restated Credit Agreement, dated as of December 13, 2013, by and among Magnum Hunter, as borrower, certain of its subsidiaries, as guarantors, Bank of Montreal, as administrative agent, the lenders party thereto and the agents party thereto."


The implication is the acreage was "worth" $10M as part of senior secured facility - but can it get the $30M or so we'd like? #5 & #6 will add to PDP so should be more than $10M now...


Also has the TSA spelled out with admin rates if interested.


http://www.sec.gov/Archives/edgar/data/1335190/000138713114000341/mac-424b3_013014.htm