Cases & Deals

Rex Energy refinances first lien credit agreement with new $300 million term loan

Clients Rex Energy Corporation

Jones Day advised Rex Energy Corporation, an independent oil, NGL, and natural gas company operating in the Appalachian and Illinois Basins, in connection with the refinancing of their existing first lien credit agreement with a new $300 million term loan credit agreement. The new credit agreement consisted of a $143.5 million term loan B facility, a $156.5 million delayed draw term loan B facility, and a letter of credit subfacility.