{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-032605","form_type":"8-K","ticker":"REI","cik":"0001384195","company_name":"RING ENERGY, INC.","filed_at":"2025-06-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.127480+00:00","generated_at":"2026-05-18T23:27:34.636505+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Ring Energy extends credit facility to June 2029, borrowing base affirmed at $585M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-032605","json":"https://secwatch.observer/filing/0001628280-25-032605.json","markdown":"https://secwatch.observer/filing/0001628280-25-032605.md","text":"https://secwatch.observer/filing/0001628280-25-032605.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1384195/000162828025032605/0001628280-25-032605-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1384195/000162828025032605/rei-20250618.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T23:27:34.636505+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f47fb9ea885e27f443fd4fda626b9b67625fb1aa","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1384195/000162828025032605/0001628280-25-032605-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$585 million"},{"label":"Counterparty","value":"Bank of America, N.A. (as Administrative Agent) and the lenders"},{"label":"Rate","value":"reduces the applicable margin pricing grid by 25 basis points"},{"label":"Maturity","value":"June 18, 2029"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}