OKLAHOMA
CITY, Dec. 18, 2024 /PRNewswire/ -- Riley
Exploration Permian, Inc. (NYSE American: REPX) ("Riley
Permian" or the "Company") today announced that it recently
completed an amendment to its senior secured revolving credit
facility ("Credit Facility").
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 to $400 million
- Increased the syndicate to nine total lenders
As of December 13, 2024, the
Company had $117 million drawn on the
Credit Facility with $283 million of
availability.
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.
