---
schema_version: "secwatch.filing_event.v1"
accession: "0001928446-24-000014"
form_type: "8-K"
ticker: "GRNT"
cik: "0001928446"
company_name: "Granite Ridge Resources, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:31:15.860893+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Granite Ridge boosts credit facility borrowing base to $300M, adds 9 new banks

## Summary
- Borrowing base increased 9% from $275M to $300M; elected commitments raised 25% to $300M.
- Bank of America appointed as successor administrative agent, replacing Texas Capital Bank.
- Nine new banks added to lender syndicate; one bank exited the facility.
- Next scheduled bank redetermination is in fall 2024.
- CEO cites enhanced liquidity and flexibility to support growth.

## SEC filing metadata
- accession: 0001928446-24-000014
- form_type: 8-K
- ticker: GRNT
- cik: 0001928446
- company_name: Granite Ridge Resources, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1928446/000192844624000014/0001928446-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1928446/000192844624000014/grnt-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001928446-24-000014
- JSON: https://secwatch.observer/filing/0001928446-24-000014.json
- Plain text: https://secwatch.observer/filing/0001928446-24-000014.txt

## Key facts
- Debt Financings
  Granite Ridge Resources, Inc. amended credit facility of $300.0 million with Bank of America, N.A..
  - Instrument: credit facility
  - Principal: $300.0 million
  - Counterparty: Bank of America, N.A.
  - Event: amendment
  source text: pointment, Assignment and Third Amendment to Credit Agreement (the “Third Amendment”) amending the Company’s existing Credit Agreement, dated as of October 24, 2022, by and among the Company, as borrower, Texas Capital Bank, as resigning administrative agent, Bank of America, N.A. (“Bank of America”), as successor administrative agent, and the lenders from time to time party thereto (as amended or modified prior to the Amendment Date, the “Existing Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844624000014/0001928446-24-000014-index.htm
- Material Agreements
  Granite Ridge Resources, Inc. amended Third Amendment with Bank of America, N.A. valued at $300.0 million (effective 2024-04-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $300.0 million
  - Effective: 2024-04-01
  source text: On April 1, 2024 (the “Amendment Date”), Granite Ridge Resources, Inc., a Delaware corporation (the “Company”), entered into the Resignation, Appointment, Assignment and Third Amendment to Credit Agreement (the “Third Amendment”) amending the Company’s existing Credit Agreement, dated as of October 24, 2022, by and among the Company, as borrower, Texas Capital Bank, as resigning administrative agent, Bank of America, N.A. (“Bank of America”), as successor administrative agent, and the lenders from time to time party thereto (as amended or modified prior to the Amendment Date, the “Existing Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1928446/000192844624000014/0001928446-24-000014-index.htm

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