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The latest announcement is out from Riley Exploration Permian ( (REPX) ).
Riley Exploration Permian announced the completion of an amendment to its senior secured revolving credit facility, extending the maturity date to December 2028 and increasing the borrowing base and commitment levels by 7% to $400 million. This strategic financial adjustment is expected to enhance the company’s operational flexibility and strengthen its market position by increasing the lender syndicate to nine and ensuring substantial liquidity with $283 million available.
More about Riley Exploration Permian
Riley Exploration Permian, Inc. is a growth-oriented, independent oil and natural gas company, focusing on the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids.
YTD Price Performance: 27.35%
Average Trading Volume: 99,405
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $691.3M
See more insights into REPX stock on TipRanks’ Stock Analysis page.
