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The latest update is out from Chord Energy (CHRD).
On May 31, 2024, a company amended its Credit Agreement to increase its borrowing base to $3 billion and its revolving commitment amounts to $1.5 billion, alongside technical and collateral provision changes. Concurrently, the company completed a strategic business combination with Enerplus and adjusted its board, appointing four new directors and assessing their independence. Additionally, the company amended its Certificate of Incorporation to double the authorized shares of common stock, fostering future growth opportunities.
See more insights into CHRD stock on TipRanks’ Stock Analysis page.
