secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2021-10-14T23:59:59+00:00
Accession:  0001001614-21-000009
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riley Permian increases borrowing base from $135M to $175M under revolving credit facility
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- Borrowing base and elected commitments raised to $175M from $135M as of Oct 12, 2021.
- Amendment to senior secured revolving credit facility; new lenders added to syndicate.
- Increase reflects growth in proved reserves and higher commodity prices, per CEO.
- Credit facility amendment also incorporates transition away from LIBOR.
- Press release issued Oct 14, 2021 to announce the increase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000100161421000009/0001001614-21-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000100161421000009/repx-20211012.htm
  HTML page:      https://secwatch.observer/filing/0001001614-21-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer