Battalion Oil refinances $162.5M term loan, reduces margin to 6.50% over SOFR

BATTALION OIL CORP

Refinanced $162.5M term loan under new credit agreement; no new cash borrowed, existing lenders rolled over.
Fixed interest margin reduced to 6.50% over SOFR from prior 7.75%-8.50% floating grid, saving at least 125bps.
Maturity extended to Dec 31, 2029 (from Dec 26, 2028); principal amortization deferred to June 30, 2027.
Up to $175M discretionary delayed draw facility available for future growth, on uncommitted basis with lender approval.
Net debt ~$65.5M as of June 29, 2026, with ~$96.99M cash on hand after debt reduction from ~$208M in 2025.

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