Infinity Natural Resources (INR) said Tuesday its lenders increased the borrowing base under a credit agreement to $350 million from $325 million.
The move resulted from a "regularly scheduled borrowing base redetermination," the oil and gas company said.
The company said that as of Feb. 28, it had $2.4 million of borrowings outstanding under the credit facility, providing $347.6 million of unused capacity on the increased borrowing base.
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