BRIEF-Lightstream lowers semi-annual borrowing base under credit facility

Mon May 2, 2016 6:18am EDT
 
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May 2 (Reuters) - Lightstream Announces

* Semi-annual borrowing base re-determination under credit facility

* Borrowing base has been reduced from $550 million to $250 million

* Under terms co has 90 days to cure shortfall before triggering an event of default

* Borrowing base is set by lowest determined amount by any one member of 16 member syndicate; range was from $250 million to $380 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)