PEDEVCO closes $250M RBL facility with Citibank, initial borrowing base $20M

PEDEVCO CORP

$250M max revolving credit; initial $20M borrowing base; 4-year maturity.
No borrowings drawn at closing; over $10M cash on hand.
Funds to finance D-J Basin and Permian Basin development and acquisitions.
Financial covenants: current ratio >=1.0x, leverage ratio <=3.0x.
Facility secured by first-priority lien on substantially all assets.

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