HighPeak Energy Inc. Extends Loan Maturities, Increases Borrowing Capacity, and Expands Crude Oil Derivative Contracts to Enhance Liquidity and Financial Flexibility

Reuters
04 Aug
HighPeak Energy Inc. Extends Loan Maturities, Increases Borrowing Capacity, and Expands Crude Oil Derivative Contracts to Enhance <a href="https://laohu8.com/S/LQDT">Liquidity</a> and Financial Flexibility

HighPeak Energy, Inc. has announced amendments to its Term Loan Credit Agreement and Senior Credit Facility Agreement, effective August 1, 2025. The amendments include extending the maturity dates of both agreements by two years to September 30, 2028, and increasing borrowings under the Term Loan Credit Agreement to $1.2 billion to provide additional liquidity. The company has deferred mandatory amortization payments of $30.0 million per quarter until September 30, 2026. HighPeak also maintains the call protection provision of the Term Loan, expiring in September 2025, allowing flexibility to pay down the loan at par. Additionally, the company entered into new crude oil derivative contracts extending through March 31, 2027, as part of its hedging strategy. These measures aim to enhance financial flexibility and liquidity, supporting the company's operational and strategic objectives.

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. Highpeak Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9505146-en) on August 04, 2025, and is solely responsible for the information contained therein.

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