Obsidian Energy Increases Syndicated Facility to Cdn.$250M

Obsidian Energy Ltd. has entered into a First Amending Agreement to its Credit Agreement, increasing its Syndicated Facility from Cdn.$210,000,000 to Cdn.$250,000,000. The agreement, effective June 23, 2026, involves Royal Bank of Canada, Bank of Montreal, and ICBC Standard Bank PLC as lenders. The Borrowing Base remains at Cdn.$300,000,000, and the company will pay a fee for the increased commitment.