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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1st Jan change | Capi. | |
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+5.32% | 860M | |
+11.17% | 305B | |
+5.03% | 144B | |
+57.69% | 126B | |
+20.48% | 82.8B | |
+7.57% | 75.03B | |
+19.90% | 63B | |
+6.46% | 56.96B | |
+11.27% | 49.12B | |
+30.38% | 36.33B |
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