Loan & DebtMay 20, 2026, 04:24 PM
PEDEVCO Corp. Increases Credit Facility to $125M
AI Summary
PEDEVCO Corp. announced it entered into a Third Amendment to its Amended and Restated Credit Agreement with Citibank, N.A., effective May 19, 2026. This amendment increases the company's borrowing base and elected commitment amount from $120 million to $125 million. This redetermination also covered the one originally scheduled for December 1, 2025, with the next redetermination set for July 1, 2026.
Key Highlights
- PEDEVCO Corp. entered into a Third Amendment to its Credit Agreement on May 19, 2026.
- The borrowing base was increased from $120 million to $125 million.
- The elected commitment amount was increased from $120 million to $125 million.
- This amendment served as the redetermination originally scheduled for December 1, 2025.
- The next borrowing base redetermination is scheduled for July 1, 2026.
Price Impact
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