Penn Virginia and certain of its subsidiaries have reached agreement on an amendment with the lenders under its reserve-based financing facility. According to an 8-K filing, Wells Fargo served as administrative agent for the transaction.
The reserve-based lenders (RBL) have agreed to push back the date that certain events of default will be triggered under the company’s reserve-based financing facility until April 12, 2016, subject to a possible further extension to May 10, 2016.
