Ring Energy amends agreement, lifts borrowing base to $175 million

By Sarah Lizee

Olympia, Wash., June 19 – Ring Energy, Inc. entered into an amendment to its credit agreement on June 14 to increase the borrowing base to $175 million, according to an 8-K filing with the Securities and Exchange Commission.

The borrowing base amount will remain until the next scheduled redetermination or adjustment.

SunTrust Bank is the administrative agent, issuing bank and a lender.

Ring Energy is an oil and gas exploration and production company based in Midland, Texas.

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