debt
confidence high
sentiment positive
materiality 0.55
Riley Permian extends credit facility maturity to Dec 2028, increases borrowing base to $400M
Riley Exploration Permian, Inc.
- Maturity extended from April 2026 to December 2028; borrowing base and commitments increased 7% to $400M.
- Syndicate expanded to nine total lenders.
- As of Dec 13, 2024, $117M drawn, leaving $283M of availability.
- Concurrently amended note purchase agreement to waive leverage test for this commitment increase.