Loan & DebtMay 11, 2026, 06:46 AM
Kolibri Global Energy Increases Bank Line to $75M
AI Summary
Kolibri Global Energy Inc. announced that the borrowing base of its revolving credit facility was increased from $65 million to $75 million. This increase provides greater financial flexibility and supports the company's production and cash flow growth initiatives. Additionally, the company expects to release its first quarter 2026 financial and operating results on May 14, 2026, followed by a conference call.
Key Highlights
- Kolibri Global Energy's indirect subsidiary increased its revolving credit facility borrowing base from $65 million to $75 million.
- The credit facility is led by BOK Financial and includes Arvest Bank.
- The current outstanding amount drawn on the Credit Facility is approximately $44 million.
- The company expects to make another debt paydown of $4 million this month.
- Year-end net debt is forecast to be between $25 million to $30 million.
- The company will release Q1 2026 financial and operating results before market open on May 14, 2026.
- A conference call for investors and analysts is scheduled for May 14, 2026, at 9:00 a.m. Pacific time.