Granite Ridge Resources Bolsters Financial Standing with Credit Enhancements

Granite Ridge Resources (GRNT) just unveiled an update.

Granite Ridge Resources, Inc. has amended its existing Credit Agreement, enhancing its financial flexibility with several strategic changes. Notably, Bank of America has taken over as the administrative agent, the lender group has expanded, and the borrowing base along with the aggregate elected commitments has increased to $300 million. This move is aimed at strengthening the company’s financial position, which they announced in a recent press release.

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