Riley Exploration increases facility borrowing base to $225 million

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Riley Exploration Permian, Inc. and wholly owned subsidiary Riley Exploration – Permian, LLC entered into on Oct. 25 a 12th amendment to their credit facility dated Sept. 28, 2017, according to an 8-K filing with the Securities and Exchange Commission.

Among other things, the amendment increased the borrowing base and elected commitments of the lenders party to that increase to $225 million from $200 million.

Truist Bank is administrative agent under the credit agreement.

The oil and natural gas company is based in Oklahoma City.

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