PrimeEnergy reaffirms $115M borrowing base, reduces margin by 50 bps in credit amendment

PRIMEENERGY RESOURCES CORP

Borrowing base reaffirmed at $115M; no borrowings outstanding as of Feb 27, 2026.
SOFR loan margin reduced by 50 bps (now 2.75%-3.75%); ABR margin reduced similarly.
Commodity hedging covenant utilization threshold raised from 25% to 30%.
Lender commitments total $300M; aggregate credit facility unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PRIMEENERGY RESOURCES CORP amended Fifth Amendment with Citibank, N.A., as administrative agent, and the lenders party thereto (effective 2026-02-24).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A., as administrative agent, and the lenders party thereto
Effective: 2026-02-24

Exact text from the filing

On February 24, 2026, PrimeEnergy Resources Corporation (the “Company”), as borrower, entered into a Fifth Amendment (the “Amendment”) to its Fourth Amended and Restated Credit Agreement, dated as of July 5, 2022 (as previously amended, the “Credit Agreement”), with Citibank, N.A., as administrative agent, and the lenders party thereto.

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PRIMEENERGY RESOURCES CORP filing history →

Source: SEC EDGAR

accession 0001437749-26-006089

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