secwatch.observer — SEC 8-K summary
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Issuer:     Riley Exploration Permian, Inc. (REPX)
CIK:        0001001614
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001628280-22-011727
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001614/000162828022011727/0001628280-22-011727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001614/000162828022011727/repx-20220429.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-011727

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