Permian Resources Corp (PR): debt financing — Permian Resources increases credit facility commitments to $2.5B, reaffirms $4.0B borrowing base

Permian Resources Corp

Borrowing base reaffirmed at $4.0 billion; aggregate elected commitments raised from $2.0B to $2.5B.
Added Goldman Sachs Bank USA and Morgan Stanley Bank, N.A. as new lenders under the credit agreement.
Redetermination date for spring 2025 extended by one year (to April 24, 2025) per Section 9.02(l) amendment.
No borrowing base deficiency, default, or event of default exists after amendment; existing guarantors reaffirmed.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Permian Resources Corp amended revolving credit of $2.5 billion with JPMorgan Chase Bank, N.A., as administrative agent.

Instrument: revolving credit
Principal: $2.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Event: amendment

Exact text from the filing

of Permian Resources Corporation (the “ Company ”), entered into the Seventh Amendment to the Third Amended and Restated Credit Agreement (the “ Seventh Amendment ”), dated as of April 25, 2024, among OpCo, each of the lenders and guarantors party thereto and JPMorgan Chase Bank, N.A., as administrative agent (as amended, the “ Credit Agreement ”).

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

Permian Resources Corp amended Seventh Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-04-25).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Effective: 2024-04-25

Exact text from the filing

On April 25, 2024, Permian Resources Operating, LLC (“ OpCo ”), a consolidated subsidiary of Permian Resources Corporation (the “ Company ”), entered into the Seventh Amendment to the Third Amended and Restated Credit Agreement (the “ Seventh Amendment ”), dated as of April 25, 2024, among OpCo, each of the lenders and guarantors party thereto and JPMorgan Chase Bank, N.A., as administrative agent

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Source: SEC EDGAR

accession 0001658566-24-000043

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