Roan Resources, Inc. announced it has received commitments for a $100 million term loan facility from funds affiliated with certain significant shareholders of the Company that are represented on the board of directors. Borrowings under the term loan facility are expected to bear interest at a rate equal to three-month LIBOR plus 7.50%. In exchange for the commitments, the Company has agreed to issue 1.0% of the outstanding shares of Class A common stock of the Company to the lending parties no later than June 26, 2019. The term loan facility is expected to close before the end of the month. Separately, the Company completed its June borrowing base redetermination for its revolving credit facility. The Company’s bank group unanimously reaffirmed the current borrowing base of $750 million. Pro forma for the term loan facility as of June 30th, the Company has approximately $150 million of available liquidity, which is more than ample to fund Roan’s ongoing capital program.