Riley Exploration prepays $130M of 10.50% notes due 2028, refinances with credit facility borrowings

Riley Exploration Permian, Inc.

REP LLC prepaid in full $130.0M of 10.50% Senior Unsecured Notes due 2028 at 100% of principal plus accrued interest; no prepayment premium was payable.
Funded with a $130M draw under the Truist-administered Credit Agreement; total borrowings now $245M against a $425M borrowing base and $400M elected commitments.
Revolver pricing: adjusted Term SOFR plus 2.75%-3.75%, or Base Rate plus 1.75%-2.75%; unused commitment fee 0.375%-0.500%; maturity December 13, 2028.
Company expects a non-cash loss on extinguishment from writing off unamortized discount and deferred financing costs; total principal debt is substantially unchanged.
Credit Agreement borrowings are secured by substantially all of the Company's assets; all Note Purchase Agreement commitments were terminated.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.