Granite Ridge Resources increases borrowing base from $300M to $325M

Granite Ridge Resources, Inc.

Borrowing base increased by $25M to $325M under Fourth Amendment to Credit Agreement.
Aggregate elected commitments also raised to $325M, effective Nov 1, 2024.
Amendments reduce certain covenant thresholds from 25% to 20% on debt and asset sales.
Company ratifies obligations and confirms no default exists after amendment.

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