Ring Energy Inc., based in The Woodlands, TX, has announced an amendment to its existing corporate loan agreement. The company secured an affirmation of its borrowing base at $585 million under its $1.0 billion senior secured credit facility. The term of the Credit Facility has been extended by 34 months, now set to mature in June 2029. In a significant development, Bank of America, N.A. has been appointed as the new Administrative Agent. The agreement also includes a 25 basis point reduction in the Applicable Margin pricing grid. The banking syndicate supporting the facility has expanded to include Citibank, N.A., alongside Bank of America, N.A., Citizens Bank, N.A., KeyBanc National Association, Mizuho Bank, Ltd., Truist Bank, U.S. Bank National Association, Cathay Bank, First Horizon Bank, Amegy Bank, and Goldman Sachs Lending Partners, LLC. The next scheduled bank redetermination is set for fall 2025. Paul D. McKinney, Chairman and CEO of Ring Energy, emphasized the company's focus on generating free cash flow and strengthening its balance sheet amidst oil and gas price volatility.