Magnolia Oil & Gas amends RBL facility: $1.5B commitments, $800M borrowing base, maturity 2029

Magnolia Oil & Gas Corp

Maximum commitments increased to $1.5B; initial borrowing base set at $800M.
Letter of credit sublimit of $50M; maturity date November 13, 2029.
Facility secured by oil & gas properties; leverage ratio covenant ≤3.50x, current ratio ≥1.00x.
Replaces existing credit agreement dated February 2022; improves liquidity headroom.

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