Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base

Core Points - Riley Exploration Permian, Inc. has completed an amendment to its senior secured revolving credit facility, extending the maturity and increasing borrowing capacity [1][2] Group 1: Credit Facility Amendment Highlights - The maturity of the credit facility has been extended from April 2026 to December 2028 [2] - The borrowing base and commitment levels have increased by 7%, from $375 million to$400 million [2] - The syndicate has expanded to include a total of nine lenders [2] - As of December 13, 2024, the company had $117 million drawn on the credit facility, with$283 million available [2] - The management team and board of directors expressed gratitude to the banking syndicate partners for their continued support [2] Group 2: Company Overview - Riley Exploration 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 [3]