Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base
Riley Exploration Permian (NYSE: REPX) has announced significant amendments to its senior secured revolving credit facility. The key changes include extending the facility maturity from April 2026 to December 2028, a 7% increase in borrowing base and commitment levels from $375 million to $400 million, and an expansion of the lending syndicate to nine total lenders. As of December 13, 2024, the company had drawn $117 million on the facility, leaving $283 million in available credit.
Riley Exploration Permian (NYSE: REPX) ha annunciato importanti modifiche al suo prestito senior garantito a rotazione. Le modifiche principali includono l'estensione della scadenza della facilità da aprile 2026 a dicembre 2028, un aumento del 7% nella base di prestito e nei livelli di impegno, passando da 375 milioni di dollari a 400 milioni di dollari, e un ampliamento del sindacato di prestito a un totale di nove istituti. Al 13 dicembre 2024, l'azienda aveva utilizzato 117 milioni di dollari della facilità, lasciando 283 milioni di dollari di credito disponibile.
Riley Exploration Permian (NYSE: REPX) ha anunciado enmiendas significativas a su línea de crédito rotativa garantizada. Los cambios clave incluyen la extensión del vencimiento de la línea de crédito de abril de 2026 a diciembre de 2028, un aumento del 7% en la base de préstamos y los niveles de compromiso, de 375 millones de dólares a 400 millones de dólares, y una expansión del sindicato de prestamistas a un total de nueve prestamistas. Al 13 de diciembre de 2024, la compañía había tomado prestados 117 millones de dólares de la línea de crédito, dejando 283 millones de dólares en crédito disponible.
라일리 탐사 퍼미안 (NYSE: REPX)은 선순위 담보 회전신용 시설에 대한 중요한 수정 사항을 발표했습니다. 주요 변경 사항은 시설 만기를 2026년 4월에서 2028년 12월로 연장하고, 차입 기초 및 약정 수준을 3억 7500만 달러에서 4억 달러로 7% 증가시키며, 대출 신디케이트를 총 9명의 대출 기관으로 확장하는 것입니다. 2024년 12월 13일 기준으로 회사는 이 시설에서 1억 1700만 달러를 인출했으며, 2억 8300만 달러의 가용 신용이 남아 있습니다.
Riley Exploration Permian (NYSE: REPX) a annoncé des modifications significatives à sa facilité de crédit renouvelable garantie. Les principaux changements incluent une prolongation de l'échéance de la facilité d'avril 2026 à décembre 2028, une augmentation de 7 % de la base de prêt et des niveaux d'engagement, passant de 375 millions de dollars à 400 millions de dollars, et une expansion du syndicat de prêteurs à un total de neuf prêteurs. Au 13 décembre 2024, la société avait tiré 117 millions de dollars de la facilité, laissant 283 millions de dollars de crédit disponible.
Riley Exploration Permian (NYSE: REPX) hat bedeutende Änderungen an seiner besicherten revolvierenden Kreditlinie bekannt gegeben. Zu den wichtigsten Änderungen gehören die Verlängerung der Kreditlaufzeit von April 2026 auf Dezember 2028, eine Erhöhung der Kreditbasis und der Verpflichtungsstufen um 7 % von 375 Millionen US-Dollar auf 400 Millionen US-Dollar sowie die Erweiterung des Kredit-Syndikats auf insgesamt neun Kreditgeber. Zum 13. Dezember 2024 hatte das Unternehmen 117 Millionen US-Dollar aus der Kreditlinie abgerufen, was einen verfügbaren Kreditbetrag von 283 Millionen US-Dollar lässt.
- Extension of credit facility maturity by 2.5 years to December 2028
- 7% increase in borrowing base to $400 million
- Significant available credit of $283 million
- Expansion of lending syndicate indicating strong banking relationships
- Current credit facility utilization of $117 million represents debt burden
Insights
Credit Facility Amendment Highlights:
- Extended the facility maturity from April 2026 to December 2028
- Increased the borrowing base and commitment levels by
7% from$375 million $400 million - Increased the syndicate to nine total lenders
As of December 13, 2024, the Company had
The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support.
About Riley Exploration Permian, Inc.
Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.
Investor Contact:
Rick D'Angelo
405-438-0126
IR@rileypermian.com
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SOURCE Riley Exploration Permian, Inc.
FAQ
What is the new borrowing base for Riley Permian (REPX) after the December 2024 credit facility amendment?
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