Deal description: Fundare Resources Company, LLC (“Fundare” or the “Company”) announced that it has entered into a credit agreement (the “Credit Agreement”) among Fundare Redtail, LLC (the “Borrower”) and a syndicate of lenders led by BOK Financial as administrative agent, sole bookrunner, and a joint lead arranger. KeyBanc Capital Markets served as a joint lead arranger and UMB Bank served as syndication agent.

The Credit Agreement provides for a reserve-based revolving facility (the “Credit Facility”) in an aggregate original commitment amount of $500 million subject to a borrowing base that will be redetermined semi-annually. The Credit Facility will be used to refinance existing indebtedness, to fund future development of the Borrower’s oil and gas properties, and for other corporate development opportunities and general corporate purposes.

Baker Botts represented BOK Financial.

Baker Botts Lawyers/Offices Involved:

Finance: Shad Sumrow (Partner, Dallas), Alex Kamel (Senior Associate, Houston), Spencer Crawford (Associate, Dallas)

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