Ring Energy extends credit facility to June 2029, borrowing base affirmed at $585M

RING ENERGY, INC.

Borrowing base set at $585M under $1.0B senior secured credit facility (down from $600M).
Maturity extended 34 months to June 2029; Bank of America named new Administrative Agent.
Applicable margin pricing grid reduced by 25 basis points; Citibank added to syndicate.
CEO notes focus on using free cash flow to reduce debt and acquire high-margin assets.
Next scheduled redetermination in fall 2025.

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