Tue 09/14/2021 17:28 PM
The regulatory regime in California, which seeks the “
eventual permanent closure” of hydrocarbon production as the state seeks to become carbon-neutral by 2045, may complicate E&B Natural Resources’ efforts to obtain a new asset-backed lending facility, according to sources.
BBVA Compass earlier this year slashed the Bakersfield, Calif.-based producer’s L+200 bps ABL facility due Dec. 14, 2023, to about $350 million from $1.5 billion originally,
as reported. The cut came after E&B...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.