U.S. Energy Development Corporation Secures $165 Million Credit Facility for Growth Initiatives
U.S. Energy Development Corporation Secures $165 Million Credit Facility
In a strategic move to bolster its growth initiatives, the U.S. Energy Development Corporation (USEDC) has successfully completed a new $165 million syndicated revolving credit facility. This substantial financial arrangement, led by Citibank, N.A., is designed to provide USEDC with increased capital resources necessary to enhance its operational capabilities and pursue strategic opportunities within the energy sector.
A New Chapter for USEDC
USEDC is a well-established exploration and production company, known for its commitment to developing energy projects. The completion of this new credit facility marks a significant milestone in USEDC’s long-term strategy by optimizing its capital structure, enabling the company to better navigate the current dynamics of the energy market. According to Brandon Standifird, the Chief Financial Officer of USEDC, this facility signals a
Topics Energy）
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