---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-005181"
form_type: "8-K"
ticker: "PED"
cik: "0001141197"
company_name: "PEDEVCO CORP"
filed_at: "2026-05-20T20:15:57+00:00"
generated_at: "2026-05-20T21:23:31.809263+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PEDEVCO increases credit facility borrowing base to $125M from $120M, effective May 19, 2026

## Summary
- Borrowing base and elected commitment raised to $125M under Third Amendment to Credit Agreement.
- Next scheduled redetermination of borrowing base set for on or about July 1, 2026.
- Amendment with Citibank as administrative agent; lender commitments reallocated among five banks.
- No other material changes to Credit Agreement terms or financial covenants.

## SEC filing metadata
- accession: 0001654954-26-005181
- form_type: 8-K
- ticker: PED
- cik: 0001141197
- company_name: PEDEVCO CORP
- filed_at: 2026-05-20T20:15:57+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1141197/000165495426005181/0001654954-26-005181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1141197/000165495426005181/ped_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-005181
- JSON: https://secwatch.observer/filing/0001654954-26-005181.json
- Plain text: https://secwatch.observer/filing/0001654954-26-005181.txt

## Key facts
- Debt Financings
  PEDEVCO CORP amended credit facility of increase the borrowing base and elected commitment amount from $120 million to $125 million with Citibank, N.A., as administrative agent.
  - Instrument: credit facility
  - Principal: increase the borrowing base and elected commitment amount from $120 million to $125 million
  - Counterparty: Citibank, N.A., as administrative agent
  - Event: amendment
  source text: Third Amendment to Amended and Restated Credit Agreement On May 19, 2026 (the “Third Amendment Effective Date”), PEDEVCO Corp., a Texas corporation (the “Company”), entered into a Third Amendment to Credit Agreement (the “Third Amendment”) with Citibank, N.A., as administrative agent (the “Administrative Agent”), each of the guarantors party thereto, and each of the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495426005181/0001654954-26-005181-index.htm
- Material Agreements
  PEDEVCO CORP amended Third Amendment to Credit Agreement with Citibank, N.A., as administrative agent valued at $120 million to $125 million (effective 2026-05-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Citibank, N.A., as administrative agent
  - Value: $120 million to $125 million
  - Effective: 2026-05-19
  source text: Third Amendment to Amended and Restated Credit Agreement On May 19, 2026 (the “Third Amendment Effective Date”), PEDEVCO Corp., a Texas corporation (the “Company”), entered into a Third Amendment to Credit Agreement (the “Third Amendment”) with Citibank, N.A., as administrative agent (the “Administrative Agent”), each of the guarantors party thereto, and each of the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1141197/000165495426005181/0001654954-26-005181-index.htm

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