Riley Exploration Permian borrows $130 million under Truist-led credit facility to refinance senior notes

Bitget2026/10/07 20:07

Riley Exploration Permian drew USD 130 million under its Truist-led Credit Agreement on Oct. 5, 2026. Proceeds refinanced REP’s 10.50% Senior Unsecured Notes due 2028 via full voluntary prepayment of USD 130 million principal. Credit Agreement borrowings outstanding rose to USD 245 million; borrowing base USD 425 million; elected commitments USD 400 million. Facility pricing set at Term SOFR plus 2.75%-3.75% for SOFR loans; base rate plus 1.75%-2.75% for base-rate loans. Credit Agreement maturity extended to Dec. 13, 2028 following the notes repayment. 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. Riley Exploration Permian Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001001614-26-000053), on October 07, 2026, and is solely responsible for the information contained therein.

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Riley Exploration Permian drew USD 130 million under its Truist-led Credit Agreement on Oct. 5, 2026.
Proceeds refinanced REP’s 10.50% Senior Unsecured Notes due 2028 via full voluntary prepayment of USD 130 million principal.
Credit Agreement borrowings outstanding rose to USD 245 million; borrowing base USD 425 million; elected commitments USD 400 million.
Facility pricing set at Term SOFR plus 2.75%-3.75% for SOFR loans; base rate plus 1.75%-2.75% for base-rate loans.
Credit Agreement maturity extended to Dec. 13, 2028 following the notes repayment.

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. Riley Exploration Permian Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001001614-26-000053), on October 07, 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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