Earthstone Energy Inc Announces Increased Elected Commitments Under Its Credit Facility MarketScreener

THE WOODLANDS, Texas, April 03, 2023 (GLOBE NEWSWIRE) — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) announced today that it has entered into an amendment to the Company’s senior secured revolving credit facility (the “Credit Facility”), increasing the elected commitments from $1.2 billion to $1.4 billion. Additionally, the $250 million term loan tranche under the Credit Facility converted into an elected revolving commitment. Further, the borrowing base was redetermined at $1.65 billion as a part of the regularly scheduled redetermination. Robert J. Anderson, Earthstone’s President and Chief Executive Officer, commented, “We are thankful for our longstanding banking relationships…