PEDEVCO Corp. has amended its existing credit facility by entering into an Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and a group of lenders. The agreement provides for an initial borrowing base and aggregate elected commitments of $120 million, with a maximum revolving credit amount of $250 million. On October 31, 2025, PEDEVCO borrowed $87 million under the terms of the amended agreement, followed by an additional $6 million draw on January 8, 2026. The most recent funds are expected to be used for the company’s participation in certain non-operated well operations and to cover other company payables. The new debt draw was approved by the majority holders of PEDEVCO’s Series A Convertible Preferred Stock.

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