Oil and gas company, Magnum Hunter Resources, has secured a $250 million five-year term senior secured revolving credit facility. The loan will replace its existing $150 million three-year term secured revolving loan. The initial borrowing base has been set at $120 million upon the completion of the acquisition of NGAS Resources, and will be increased to $145 million after the closing of the acquisition of NuLoch Resources. BMO Capital Markets is the lead arranger and sole bookrunner.

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