Amplify Energy completes borrowing base redetermination, reaffirmed at $225M

Amplify Energy Corp.

Borrowing base reaffirmed at $225 million; automatic monthly reductions terminated.
As of May 31, 2022: net debt $187M, $215M drawn on credit facility, $28M cash.
CEO says company positioned to improve liquidity and allocate capital to high-return projects.
Next semi-annual redetermination expected in November 2022.

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