Press Release: Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base

Dow Jones

2024-12-18

Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base

PR Newswire

OKLAHOMA CITY, Dec. 18, 2024

OKLAHOMA CITY, Dec. 18, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") today announced that it recently completed an amendment to its senior secured revolving credit facility ("Credit Facility").

Credit Facility Amendment Highlights:

   -- Extended the facility maturity from April 2026 to December 2028 
 
   -- Increased the borrowing base and commitment levels by 7% from $375 
      million to $400 million 
 
   -- Increased the syndicate to nine total lenders

As of December 13, 2024, the Company had $117 million drawn on the Credit Facility with $283 million of availability.

The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support.

About Riley Exploration Permian, Inc.

Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com.

Investor Contact:

Rick D'Angelo

405-438-0126

IR@rileypermian.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-announces-credit-facility-extension-and-increase-in-borrowing-base-302334911.html

SOURCE Riley Exploration Permian, Inc.

(END) Dow Jones Newswires

December 18, 2024 08:30 ET (13:30 GMT)

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(NYSE American: REPX) (\"Riley Permian\" or the \"Company\") today announced that it recently completed an amendment to its senior secured revolving credit facility (\"Credit Facility\"). \n</p>\n<p>\n     Credit Facility Amendment Highlights: \n</p>\n<pre>\n   -- Extended the facility maturity from April 2026 to December 2028 \n \n   -- Increased the borrowing base and commitment levels by 7% from $375 \n      million to $400 million \n \n   -- Increased the syndicate to nine total lenders \n</pre>\n<p>\n     As of December 13, 2024, the Company had $117 million drawn on the Credit Facility with $283 million of availability. \n</p>\n<p>\n     The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support. \n</p>\n<p>\n     About Riley Exploration Permian, Inc. \n</p>\n<p>\n     Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com. \n</p>\n<p>\n     Investor Contact: \n</p>\n<p>\n     Rick D'Angelo \n</p>\n<p>\n     405-438-0126 \n</p>\n<p>\n     IR@rileypermian.com \n</p>\n<p>\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-announces-credit-facility-extension-and-increase-in-borrowing-base-302334911.html \n</p>\n<p>\n     SOURCE Riley Exploration Permian, Inc. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 08:30 ET (13:30 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-12-18 21:30</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base \n</p>\n<p>\n     PR Newswire \n</p>\n<p>\n     OKLAHOMA CITY, Dec. 18, 2024 \n</p>\n<p>\n     OKLAHOMA CITY, Dec. 18, 2024 /PRNewswire/ -- <a href=\"https://laohu8.com/S/REPX\">Riley Exploration Permian</a>, Inc. (NYSE American: REPX) (\"Riley Permian\" or the \"Company\") today announced that it recently completed an amendment to its senior secured revolving credit facility (\"Credit Facility\"). \n</p>\n<p>\n     Credit Facility Amendment Highlights: \n</p>\n<pre>\n   -- Extended the facility maturity from April 2026 to December 2028 \n \n   -- Increased the borrowing base and commitment levels by 7% from $375 \n      million to $400 million \n \n   -- Increased the syndicate to nine total lenders \n</pre>\n<p>\n     As of December 13, 2024, the Company had $117 million drawn on the Credit Facility with $283 million of availability. \n</p>\n<p>\n     The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support. \n</p>\n<p>\n     About Riley Exploration Permian, Inc. \n</p>\n<p>\n     Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com. \n</p>\n<p>\n     Investor Contact: \n</p>\n<p>\n     Rick D'Angelo \n</p>\n<p>\n     405-438-0126 \n</p>\n<p>\n     IR@rileypermian.com \n</p>\n<p>\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-announces-credit-facility-extension-and-increase-in-borrowing-base-302334911.html \n</p>\n<p>\n     SOURCE Riley Exploration Permian, Inc. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 18, 2024 08:30 ET (13:30 GMT)\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4213","symbol_name":"石油與天然氣的勘探與生產","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492589185","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492589185","pubTimestamp":1734528600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"OKLAHOMA CITY, Dec. 18, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc.   today announced that it recently completed an amendment to its senior secured revolving credit facility .-- Extended the facility maturity from April 2026 to December 2028. -- Increased the borrowing base and commitment levels by 7% from $375. As of December 13, 2024, the Company had $117 million drawn on the Credit Facility with $283 million of availability.The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4213":"石油与天然气的勘探与生产","REPX":"Riley Exploration Permian"},"translate_title":"新闻稿：Riley Permian宣布延长信贷额度并增加借贷基础","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REPX":0.9},"content_text":"Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base \n\n\n     PR Newswire \n\n\n     OKLAHOMA CITY, Dec. 18, 2024 \n\n\n     OKLAHOMA CITY, Dec. 18, 2024 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) (\"Riley Permian\" or the \"Company\") today announced that it recently completed an amendment to its senior secured revolving credit facility (\"Credit Facility\"). \n\n\n     Credit Facility Amendment Highlights: \n\n\n   -- Extended the facility maturity from April 2026 to December 2028 \n \n   -- Increased the borrowing base and commitment levels by 7% from $375 \n      million to $400 million \n \n   -- Increased the syndicate to nine total lenders \n\n\n     As of December 13, 2024, the Company had $117 million drawn on the Credit Facility with $283 million of availability. \n\n\n     The management team and board of directors of Riley Permian extend their gratitude to the banking syndicate partners for their continued support. \n\n\n     About Riley Exploration Permian, Inc. \n\n\n     Riley Permian is a growth-oriented, independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas, and natural gas liquids. For more information please visit www.rileypermian.com. \n\n\n     Investor Contact: \n\n\n     Rick D'Angelo \n\n\n     405-438-0126 \n\n\n     IR@rileypermian.com \n\n\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/riley-permian-announces-credit-facility-extension-and-increase-in-borrowing-base-302334911.html \n\n\n     SOURCE Riley Exploration Permian, Inc. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 18, 2024 08:30 ET (13:30 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}