Riley Permian Announces Credit Facility Extension and Increase in Borrowing Base
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Riley Exploration Permian, Inc. (NYSE American: REPX) has extended its credit facility maturity to December 2028 and increased its borrowing base by 7% to $400 million. The company now has $283 million available on the facility.
December 18, 2024 | 1:45 pm
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Riley Exploration Permian has extended its credit facility maturity to December 2028 and increased its borrowing base by 7% to $400 million, providing greater financial flexibility.
The extension of the credit facility maturity and increase in borrowing base enhances Riley Permian's financial flexibility, which is positive for the company's operations and potential growth. This could lead to a positive short-term impact on the stock price as it signals financial stability and potential for expansion.
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