HighPeak Energy secures committed USD 800 million reserve-based credit facility led by Citibank, Fifth Third

Bitget2026/10/06 10:01

HighPeak Energy announced a comprehensive refinancing built around a USD 450 million preferred equity investment and a new USD 800 million reserve-based credit facility. Citibank, N.A. and Fifth Third Bank, N.A. provided committed financing for the USD 800 million RBL, expected to close with the investment. PT Danantara Investment Management and PT Energi Mega Persada committed to buy 450,000 shares of Series A 6% Perpetual Convertible Preferred Stock. Proceeds from the investment, initial RBL borrowings, and cash are expected to repay a USD 1.17 billion term loan in full. The preferred is convertible at USD 9.50 per common share, callable after three years at a price targeting a 10% IRR. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highpeak Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060600PRIMZONEFULLFEED9840031) on October 06, 2026, and is solely responsible for the information contained therein.

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HighPeak Energy announced a comprehensive refinancing built around a USD 450 million preferred equity investment and a new USD 800 million reserve-based credit facility.
Citibank, N.A. and Fifth Third Bank, N.A. provided committed financing for the USD 800 million RBL, expected to close with the investment.
PT Danantara Investment Management and PT Energi Mega Persada committed to buy 450,000 shares of Series A 6% Perpetual Convertible Preferred Stock.
Proceeds from the investment, initial RBL borrowings, and cash are expected to repay a USD 1.17 billion term loan in full.
The preferred is convertible at USD 9.50 per common share, callable after three years at a price targeting a 10% IRR.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highpeak Energy Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060600PRIMZONEFULLFEED9840031) on October 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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