Kingfisher Midstream Upsizes Revolving Credit Facility
Alpha Metallurgical Resources, Inc. (AMR)
US:NYSE Investor Relations:
altamesa.net/investors/ir-tmplt
Company Research
Source: GlobeNewswire
HOUSTON, May 31, 2018 (GLOBE NEWSWIRE) -- Alta Mesa Resources, Inc. (NASDAQ:AMR) (“Alta Mesa” or the “Company”) announced that its wholly owned subsidiary, Kingfisher Midstream, LLC (“Kingfisher”) has completed an expansion of its senior credit facility from $200 million to $300 million in commitments from a syndicate of banks. These funds support the ongoing expansion of Kingfisher’s crude gathering and natural gas gathering and processing systems in the STACK play area of the Anadarko Basin in Oklahoma. “The 50% increase in the Credit Facility, further strengthens our financial flexibility to fund our high-quality growth projects and reaffirms the confidence that our hand-picked bank group has in our financial and operational plans,” stated Kingfisher CEO, James Hackett. “We value the support of our lending group in helping us to prudently execute our plans and deliver on our strategic goal to be a best-in-class midstream partner to our producer customers.” Kingfisher Midstream
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