secwatch / observer
8-K filed February 28, 2023, 6:59 PM ET ticker REPX CIK 0001001614
M&A confidence high sentiment positive materiality 0.85

Riley Permian acquires Yeso trend assets for $330M; $200M notes to fund

Riley Exploration Permian, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Riley Exploration Permian, Inc. amended Amendment with Truist Bank, as Administrative Agent, and the lenders party thereto valued at amendment to credit facility dated September 28, 2017 (effective 2023-02-22).

Action
amendment
Agreement
credit facility
Counterparty
Truist Bank, as Administrative Agent, and the lenders party thereto
Value
amendment to credit facility dated September 28, 2017
Effective
2023-02-22
Exact text from the filing
On February 22, 2023, the Company entered into the thirteenth amendment (the “Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Riley Exploration Permian, Inc. entered into Commitment Letter with EOC Partners Advisors L.P. and/or one of its affiliates valued at $200 million (effective 2023-02-22).

Action
entry
Agreement
notes offering
Counterparty
EOC Partners Advisors L.P. and/or one of its affiliates
Value
$200 million
Effective
2023-02-22
Exact text from the filing
In connection with the Purchase Agreement, the Company entered into a commitment letter dated February 22, 2023 (the “Commitment Letter”) with EOC Partners Advisors L.P. and/or one of its affiliates (collectively, “EOC”) in which EOC and/or one of its affiliates will purchase $200 million of unsecured senior notes (“Senior Notes”) from the Company on the closing date of the NM Acquisition.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Riley Exploration Permian, Inc. entered into Purchase Agreement with Pecos Oil & Gas, LLC valued at approximately $330 million (effective 2023-02-22).

Action
entry
Agreement
asset purchase
Counterparty
Pecos Oil & Gas, LLC
Value
approximately $330 million
Effective
2023-02-22
Exact text from the filing
On February 22, 2023, Riley Exploration - Permian, LLC. (“REP LLC”), wholly-owned subsidiary of Riley Exploration Permian, Inc., (“REPX,” together with REP LLC, hereinafter referred to as the “Company”) entered into a purchase and sale agreement (the “Purchase Agreement”) with Pecos Oil & Gas, LLC, a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC, to acquire oil and natural gas assets located primarily in the Yeso trend of the Permian Basin in Eddy County of New Mexico for an aggregate purchase price of approximately $330 million, subject to customary purchase price adjustments, (the “NM Acquisition”).
View on SEC.gov

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Riley Exploration Permian, Inc. filing history →

Source: SEC EDGAR
accession 0001001614-23-000004
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