secwatch.observer — SEC 8-K summary
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Issuer:     PEDEVCO CORP (PED)
CIK:        0001141197
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001654954-24-011761
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424011761/0001654954-24-011761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141197/000165495424011761/ped_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-011761

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