Magnum Hunter Resources Inc. announced an amendment to its senior bank revolving credit facility last week, including an increase in the maximum note amount from $75 million to $125 million and an increase in the company's borrowing base from $60 million to $65 million.

The loan is led by BT Alex. Brown and Banque Paribas. Canadian Imperial Bank of Commerce recently joined the bank group as a participant.

Other changes provide for a lower interest coverage ratio test and an increase in the amount of investments the company can make in third-party entities.

Irving, Tex.-based Magnum Hunter is an exploration and development company active in crude oil and natural gas.

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