Granite Ridge Resources, Inc. announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company?s existing credit agreement (the ?Third Amendment?). Increased the borrowing base from $275 million to $300 million; Raised the aggregate elected commitments by 25% to $300 million; Appointed Bank of America, N.A. as successor Administrative Agent and L/C Issuer; and Expanded the lender syndicate by adding nine new banks. The next regularly scheduled bank redetermination for the Company is scheduled to occur during the fall of 2024.
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+0.34% | 133B | |
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+20.61% | 81.05B | |
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