Empire Petroleum Amends Revolver Loan Agreement With Equity Bank, Boosts Commitment to $20 Million

MT Newswires Live

2024/11/22

Empire Petroleum (EP) said Friday it amended a revolver loan agreement with Equity Bank (EQBK), increasing the total principal to $20 million from $10 million, which is available through Dec. 29, 2026.

Empire currently has around $8.4 million borrowed on the $20 million facility, it said.

The loan is secured by assets from the company's subsidiaries Empire North Dakota and Empire ND Acquisition, according to Empire.

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