---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-000231"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2026-01-09T23:59:59+00:00"
generated_at: "2026-05-16T11:01:56.008485+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO borrows additional $6M under existing $120M credit facility for well operations

## Summary
- Borrowed $6M on Jan 8, 2026, under the A&R Credit Agreement (initial borrowing base $120M, max $250M).
- Proceeds to fund participation in non-operated well operations and other payables.
- Drawdown approved by Series A Convertible Preferred Stock holders via written consent on Jan 6, 2026.
- Total borrowings under the facility now $93M ($87M from October 2025 closing plus $6M).

## SEC filing metadata
- accession: 0001654954-26-000231
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2026-01-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 2.03, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495426000231/0001654954-26-000231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495426000231/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-000231
- JSON: https://secwatch.observer/filing/0001654954-26-000231.json
- Plain text: https://secwatch.observer/filing/0001654954-26-000231.txt

## Key facts
- Debt Financings
  PEDEVCO CORP incurred revolving credit of $6 million with Citibank, N.A..
  - Instrument: revolving credit
  - Principal: $6 million
  - Counterparty: Citibank, N.A.
  - Event: incurrence
  source text: On January 8, 2026, the Company borrowed an additional $6 million under the A&R Credit Agreement (the " Draw Down ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495426000231/0001654954-26-000231-index.htm

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