Ring Energy reaffirms $600M borrowing base, pays final $11.9M for Founders acquisition, sells $1.5M non-core assets

RING ENERGY, INC.

Borrowing base reaffirmed at $600M under $1.0B credit facility; no terms changed.
Final deferred payment of $11.9M made for Founders acquisition, $3.1M less than initial $15M due to purchase price adjustments.
Sold $1.5M of non-core assets in Gaines County, TX; proceeds used to reduce borrowings.
Next regularly scheduled bank redetermination expected spring 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.