Carbon Natural Gas Company announced that in October of 2016, the company entered into a 4-year $100.0 million senior secured asset-based revolving credit facility with LegacyTexas Bank. The initial borrowing base established under the Credit Facility was $17.0 million and is redetermined semi-annually, beginning in March of 2017. On March 30, 2017, the borrowing base under the Credit Facility was increased to $23.0 million.