PEDEVCO amends credit facility: EBITDAX definition, redetermination schedule, and reserve report timeline updated

PEDEVCO CORP

EBITDAX add-back cap raised to greater of $6M or 5% of $120M borrowing base; Juniper Oct 2025 EBITDAX added for Q4 2025 tests.
Test Period annualizes EBITDAX from Q4 2025, building to trailing-12-month by Q3 2026.
Next borrowing base redetermination set for July 1, 2026; thereafter semi-annual on April 1 and October 1.
Next reserve report due June 1, 2026; thereafter semi-annual on March 1 and September 1.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PEDEVCO CORP amended Second Amendment to Credit Agreement with Citibank, N.A., as administrative agent valued at Amended EBITDAX definition, borrowing base redetermination schedule, and reserve report delivery sch (effective 2026-05-05).

Action: amendment
Agreement: credit facility
Counterparty: Citibank, N.A., as administrative agent
Value: Amended EBITDAX definition, borrowing base redetermination schedule, and reserve report delivery sch
Effective: 2026-05-05

Exact text from the filing

On May 5, 2026 (the “Second Amendment Effective Date”), PEDEVCO Corp., a Texas corporation (the “Company”), entered into a Second Amendment to Credit Agreement (the “Second Amendment”) with Citibank, N.A., as administrative agent (the “Administrative Agent”), each of the guarantors party thereto, and each of the lenders party thereto.

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Source: SEC EDGAR

accession 0001654954-26-004632

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