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JPMorgan Chase Upsizes Highpoint Facility to $500MM

September 17, 2018

HighPoint Resources entered into a new amended and restated credit agreement for its revolving credit facility, extending the maturity date by more than three years to 2023 and increasing the borrowing base and commitments by 67% to $500 million. The increase in the borrowing base is a result of the greater value of the Northeast Wattenberg assets due to ongoing development and reflects the contribution from the Hereford Field assets. The company currently has no amounts drawn on the facility.

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