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Permian Resources Corporation Amends Credit Agreement, Reaffirms $4 Billion Borrowing Base

Reuters
05-07
Permian Resources Corporation Amends Credit Agreement, Reaffirms $4 Billion Borrowing Base

Permian Resources Corporation has announced a significant update to its financial agreements. On April 30, 2025, its subsidiary, Permian Resources Operating, LLC, entered into the Ninth Amendment to the Third Amended and Restated Credit Agreement. This amendment, involving the participation of several lenders and JPMorgan Chase Bank, N.A., as the administrative agent, reaffirms the borrowing base at $4.0 billion and the aggregate elected commitments at $2.5 billion. Additionally, it extends the Permitted Pari Term Loan Debt basket until April 24, 2026. This strategic financial adjustment aims to bolster the company's financial stability and support its ongoing operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Permian Resources Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001658566-25-000033), on May 06, 2025, and is solely responsible for the information contained therein.

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