Riley Permian increases borrowing base to $200M, extends credit facility to April 2026

Riley Exploration Permian, Inc.

Borrowing base increased 14% from $175M to $200M under eleventh amendment to credit agreement.
Maturity extended from September 2023 to April 2026; $63M drawn as of April 29, leaving $137M available.
Minimum hedging requirement reduced from 50% to 25% of forecasted PDP production for 24 months forward.
Hedging requirements now tied to facility utilization and leverage ratio, providing more discretionary flexibility.
Syndicate rebalanced among six lenders; Truist Bank acts as administrative agent.

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