Coda Energy Inc. said it arranged a $50 million credit facility with NCNB Texas National Bank, a unit of NCNB Corp., of Charlotte, N.C. The Dallas oil and gas concern said that $10 million of the facility would be used to (consolidate) the company's $8.1 million of existing bank debt, to repurchase 4 million of its 4.9 million shares outstanding of Series D convertible preferred stock, and to purchase a 10 % net-profits interest in certain oil and gas properties from one of its existing lenders, National Canada Corp.  
 Verb: consolidate
Yes