RING ENERGY, INC. (REI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

RING ENERGY, INC. amended revolving credit of $585 million with Bank of America, N.A. (as Administrative Agent) and the lenders at reduces the applicable margin pricing grid by 25 basis points maturing June 18, 2029.

Instrument: revolving credit
Principal: $585 million
Counterparty: Bank of America, N.A. (as Administrative Agent) and the lenders
Rate: reduces the applicable margin pricing grid by 25 basis points
Maturity: June 18, 2029
Event: amendment

Exact text from the filing

reduces the borrowing base and aggregate elected commitment from $600 million to $585 million; extends the maturity date of the Credit Agreement from August 31, 2026 to June 18, 2029; reduces the applicable margin pricing grid by 25 basis points

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Source: SEC EDGAR

accession 0001628280-25-032605

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