27 June 2016debt financing● Neutral
Diamondback adjusted its revolving credit line with Wells Fargo, keeping the same $700 million borrowing base but adding new collateral-account requirements for lenders.
Past year: ▲ 29%(143.19 – 205.63 USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 June 2016debt financing● Neutral
Diamondback adjusted its revolving credit line with Wells Fargo, keeping the same $700 million borrowing base but adding new collateral-account requirements for lenders.