{"schema_version":"secwatch.filing_event.v1","accession":"0001001614-23-000014","form_type":"8-K","ticker":"REPX","cik":"0001001614","company_name":"Riley Exploration Permian, Inc.","filed_at":"2023-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.522225+00:00","generated_at":"2026-06-17T06:11:49.309579+00:00","sec_items":["1.01","2.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Riley Permian closes $330M New Mexico acquisition with $200M 10.5% notes","bullets":["Acquired oil and gas assets from Pecos Oil & Gas for $330M; funded by $200M in 10.5% senior unsecured notes due 2028 and revolver borrowings.","Senior notes issued at a 6% discount; redeemable with a 5.25% premium before April 2026.","Credit facility borrowing base increased by $100M to $325M via 14th amendment.","Company expects to file acquired financial statements and pro forma info within 71 days."],"urls":{"canonical":"https://secwatch.observer/filing/0001001614-23-000014","json":"https://secwatch.observer/filing/0001001614-23-000014.json","markdown":"https://secwatch.observer/filing/0001001614-23-000014.md","text":"https://secwatch.observer/filing/0001001614-23-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/repx-20230403.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T06:11:49.309579+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04ca77ad021ed9e7f8ae6d911797dc3da2aba409","claim":"Riley Exploration Permian, Inc. incurred senior notes of $200 million at 10.50% maturing due 2028.","evidence_excerpt":"On the Closing Date, the Company (as “Issuer”) completed its issuance of $200 million aggregate principal amount of 10.50% Senior Unsecured Notes due 2028 (the “Senior Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$200 million"},{"label":"Rate","value":"10.50%"},{"label":"Maturity","value":"due 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"92c64c5d4e0518f76c2445b28e2d79368ab1a784","claim":"Riley Exploration Permian, Inc. amended credit facility of $1.0 billion with Truist Bank.","evidence_excerpt":"On the Closing Date, the Company entered into the fourteenth amendment (the “Fourteenth Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto. The Fourteenth Amendment to the Credit Facility increased the maximum facility amount to $1.0 billion and increased the borrowing base to $325 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.0 billion"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"5c5f76ae321e3347fa4a86e14ea75b8f58c6cac4","claim":"Riley Exploration Permian, Inc. completed an acquisition involving Pecos Oil & Gas, LLC for $330 million (closed 2023-04-03).","evidence_excerpt":"On April 3, 2023 (the “Closing Date”), Riley Exploration - Permian, LLC. (“REP LLC”), a wholly-owned subsidiary of Riley Exploration Permian, Inc. (“REPX,” together with REP LLC, hereinafter referred to as the “Company”), completed its previously announced acquisition of oil and natural gas assets (the “New Mexico Acquisition”) from Pecos Oil & Gas, LLC (“Pecos”), a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC. The aggregate purchase price of the New Mexico Acquisition is $330 million, subject to customary purchase price adjustments pursuant to the purchase and sale agreement (the “Purchase Agreement”), and was funded through a combination of borrowings under the Company's revolving credit facility and proceeds from the issuance of $200 million of unsecured senior notes.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Pecos Oil & Gas, LLC"},{"label":"Consideration","value":"$330 million"},{"label":"Closing","value":"2023-04-03"}],"fact_type":"ma_transaction"},{"claim_id":"248361b062f03724b53b6ae914c63065ffb44207","claim":"Riley Exploration Permian, Inc. amended Fourteenth Amendment to Credit Facility with Truist Bank valued at Increased borrowing base to $325 million and maximum facility amount to $1.0 billion (effective 2023-04-03).","evidence_excerpt":"On the Closing Date, the Company entered into the fourteenth amendment (the “Fourteenth Amendment”) to the credit facility dated September 28, 2017 (the “Credit Facility”) with Truist Bank, as Administrative Agent, and the lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"Increased borrowing base to $325 million and maximum facility amount to $1.0 billion"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"},{"claim_id":"7ddca2a2734c9e809bef7e1ba53f25402001e826","claim":"Riley Exploration Permian, Inc. entered into Note Purchase Agreement with Pecos Oil & Gas, LLC valued at $200 million aggregate principal amount 10.50% Senior Unsecured Notes due 2028 (effective 2023-04-03).","evidence_excerpt":"On the Closing Date, the Company (as “Issuer”) completed its issuance of $200 million aggregate principal amount of 10.50% Senior Unsecured Notes due 2028 (the “Senior Notes”) pursuant to a note purchase agreement (the “Note Purchase Agreement”), which the Senior Notes were issued at a 6% discount.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Pecos Oil & Gas, LLC"},{"label":"Value","value":"$200 million aggregate principal amount 10.50% Senior Unsecured Notes due 2028"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"},{"claim_id":"d660adfefe7e3526248f9831b94d68224e943db1","claim":"Riley Exploration Permian, Inc. entered into Purchase Agreement with Pecos Oil & Gas, LLC valued at $330 million (effective 2023-04-03).","evidence_excerpt":"On April 3, 2023 (the “Closing Date”), Riley Exploration - Permian, LLC. (“REP LLC”), a wholly-owned subsidiary of Riley Exploration Permian, Inc. (“REPX,” together with REP LLC, hereinafter referred to as the “Company”), completed its previously announced acquisition of oil and natural gas assets (the “New Mexico Acquisition”) from Pecos Oil & Gas, LLC (“Pecos”), a Delaware limited liability company and an affiliate of Cibolo Energy Partners LLC.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1001614/000100161423000014/0001001614-23-000014-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Pecos Oil & Gas, LLC"},{"label":"Value","value":"$330 million"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}