Granite Ridge Resources, Inc. (GRNT): debt financing — Granite Ridge Resources increases borrowing base by $50M to $375M via Fifth Amendment

Granite Ridge Resources, Inc.

Borrowing base raised from $325M to $375M under existing credit agreement.
Aggregate elected commitments also increased to $375M.
Amendment effective April 29, 2025; all other material terms unchanged.
Provides additional liquidity for general corporate purposes.

item 1.01 item 2.03

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

Granite Ridge Resources, Inc. amended credit facility of $375.0 million with Bank of America, N.A..

Instrument: credit facility
Principal: $375.0 million
Counterparty: Bank of America, N.A.
Event: amendment

Exact text from the filing

ware corporation (the “Company”), and its subsidiary guarantors entered into the Fifth Amendment to Credit Agreement (the “Fifth Amendment”) amending the Company’s existing Credit Agreement, dated as of October 24, 2022, by and among the Company, as borrower, Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto (as amended or modified prior to the Amendment Date, the “Existing Credit Agreement”).

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Granite Ridge Resources, Inc. filing history →

Source: SEC EDGAR

accession 0001928446-25-000022

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