---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024235"
form_type: "8-K"
ticker: "PNRG"
cik: "0000056868"
company_name: "PRIMEENERGY RESOURCES CORP"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:05:28.949449+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PrimeEnergy increases borrowing base to $115M, adds U.S. Bank as lender

## Summary
- Borrowing base raised from $85M to $115M under existing Citibank credit facility.
- U.S. Bank National Association joined as a new lender, expanding bank group to five institutions.
- As of July 29, 2024, $8M outstanding on the facility; proceeds expected to fund 2024 drilling budget.
- Restricted payment covenants updated: permitted dividends up to 2.0x leverage ratio (from 1.25x).

## SEC filing metadata
- accession: 0001437749-24-024235
- form_type: 8-K
- ticker: PNRG
- cik: 0000056868
- company_name: PRIMEENERGY RESOURCES CORP
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56868/000143774924024235/0001437749-24-024235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56868/000143774924024235/pnrg20240801_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024235
- JSON: https://secwatch.observer/filing/0001437749-24-024235.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024235.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.