Lonestar Announces Reaffirmation of $290 Million Borrowing Base

FORT WORTH, Texas--(BUSINESS WIRE)--Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced today the completion of the Company’s fall borrowing base redetermination. Citibank, N.A., agent for the Company’s senior secured credit facility (the “Credit Facility”), informed the Company that the bank group has reaffirmed the Credit Facility’s borrowing base of $290 million. The Company’s next regularly scheduled semi-annual borrowing base redetermination will be in May 2020.