
Loan & DebtAug 4, 2026, 04:25 PM
PrimeEnergy Resources Decreases Borrowing Base to $105M
AI Summary
PrimeEnergy Resources Corporation amended its borrowing base agreement with Citibank, N.A., resulting in a decrease of the borrowing base from $115,000,000 to $105,000,000. This adjustment became effective on August 3, 2026. Despite the reduction in available credit, the company reported no outstanding borrowings under the credit facility as of March 31, 2026, and continues to have none through the date of this filing.
Key Highlights
- Borrowing base decreased from $115,000,000 to $105,000,000.
- Amendment made with Citibank, N.A.
- Effective date of the amendment is August 3, 2026.
- Company had no outstanding borrowings as of March 31, 2026.
- Company continues to have no outstanding borrowings through the filing date.
Price Impact
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