Workflow
Reserve-Based Lending
icon
Search documents
Kosmos Energy Provides Update on Financial Progress
Businesswire· 2025-10-01 06:00
Core Viewpoint - Kosmos Energy has provided a financial update highlighting positive developments in its financing activities, particularly regarding its reserve-based lending facility [1] Group 1: Financial Update - The company has successfully completed the semi-annual re-determination of its reserve-based lending (RBL) facility [1] - The borrowing base remains in excess of the RBL's $1.35 billion facility size, indicating strong asset quality and resilience [1]
Prairie Operating Co. Reaffirms $1 Billion Reserve Based Lending Facility with Citibank, N.A. Adds Bank of America, N.A. and West Texas National Bank to Syndicate
Globenewswire· 2025-06-09 11:30
Core Viewpoint - Prairie Operating Co. has reaffirmed its multi-year Reserve-Based Lending credit facility with Citibank, indicating strong lender confidence in its asset base and execution strategy [1][3]. Financial Summary - The borrowing base of the credit facility is set at $475 million, with a maximum facility size of $1.0 billion and a maturity date of March 26, 2029 [2]. - The addition of Bank of America and West Texas National Bank to the lending syndicate enhances Prairie's financial flexibility and access to capital [3]. Company Overview - Prairie Operating Co. is an independent energy company focused on the development and acquisition of oil and natural gas resources in the Denver-Julesburg Basin, particularly in the Niobrara and Codell formations [4]. - The company emphasizes responsible resource development, aiming for consistent growth, capital discipline, and sustainable cash flow generation [4].