Mach Natural Resources closes new $750M reserve-based revolver, repays prior debt

MACH NATURAL RESOURCES LP

New $750M borrowing base revolving credit facility with ten banks; Truist Bank as admin agent; matures Feb 27, 2029.
Interest rate: Term SOFR +3.00%-4.00% or base rate +2.00%-3.00%, based on borrowing base utilization.
Proceeds from new facility, recent equity offering (Feb 7, 2025), and cash on hand used to repay and terminate prior term loan and revolver.
Approximately $23M outstanding under existing MidFirst Bank revolver was repaid.

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