Riley Exploration Permian, Inc. filed a Form 8-K on November 4, 2026, disclosing that it entered into an Amended and Restated Credit Agreement on October 29, 2026, increasing its borrowing base and extending its credit facility maturity to October 2030.

Key Highlights

  • Borrowing base increased: The A&R Credit Agreement raises the borrowing base to $450 million from $425 million.
  • Elected commitments expanded: Aggregate elected commitments increased to $450 million from $400 million, with a maximum credit amount of $1.0 billion.
  • Maturity extended: The maturity date was extended from December 2028 to October 2030.
  • Hedging requirement reduced: The rolling hedging tenor requirement was reduced to 18 months from 24 months.
  • Borrowings outstanding: As of October 29, 2026, the borrower had $245 million outstanding, leaving $205 million of availability.
  • Administrative agent: Truist Bank serves as administrative agent and issuing bank under the A&R Credit Agreement.

Riley Exploration Permian Amends and Restates Credit Facility with Truist Bank

According to the filing, Riley Exploration Permian, Inc. (NYSE American:REPX), as parent guarantor, and its wholly owned subsidiary, Riley Exploration - Permian, LLC, as borrower, entered into an Amended and Restated Credit Agreement on October 29, 2026. The agreement amends and restates in its entirety the company's prior Credit Agreement dated September 28, 2017. The filing states that "obligations outstanding under the Prior Credit Agreement continue under the A&R Credit Agreement and were not discharged."

The company disclosed that the A&R Credit Agreement increases the borrowing base to $450 million from $425 million and raises aggregate elected commitments to $450 million from $400 million. The aggregate maximum credit amount is $1.0 billion. The maturity date was extended from December 2028 to October 2030, and the rolling hedging requirement tenor was reduced to 18 months from 24 months. As of October 29, 2026, the borrower had $245 million of borrowings outstanding, leaving $205 million of availability under the facility.

The filing further states that borrowings under the A&R Credit Agreement remain secured by substantially all of the company's and its subsidiaries' oil and natural gas properties and other assets, and remain guaranteed by the company. Separately, the company announced on November 4, 2026, its financial condition and results of operations for the nine months ended September 30, 2026, through an earnings press release furnished as Exhibit 99.1. An investor presentation with operational updates was also made available on November 4, 2026, as Exhibit 99.2.

What Was Disclosed

Riley Exploration Permian filed an 8-K reporting entry into an Amended and Restated Credit Agreement dated October 29, 2026, with Truist Bank as administrative agent, increasing the borrowing base to $450 million, extending maturity to October 2030, and announcing third-quarter 2026 earnings materials.