Ring Energy (REI) extends credit facility
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Ring Energy Announces Credit Facility Extension and Amendment
June 18, 2025 5:16 PM EDTTHE WOODLANDS, Texas, June 18, 2025 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE American: REI) (Ring or the Company) today announced that the borrowing base was affirmed at $585 million under its $1.0 billion senior secured credit facility (the Credit Facility). In addition, the Credit Facility term was extended to June 2029, and Bank of America, N.A. was named as new Administrative Agent.
KEY HIGHLIGHTS
Entered into a Third Amended and Restated Credit Agreement with a borrowing base of $585... More