---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-011761"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2024-09-12T23:59:59+00:00"
generated_at: "2026-05-31T05:09:47.915574+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001654954-24-011761
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2024-09-12T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495424011761/0001654954-24-011761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495424011761/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-011761
- JSON: https://secwatch.observer/filing/0001654954-24-011761.json
- Plain text: https://secwatch.observer/filing/0001654954-24-011761.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.