Jericho Energy Ventures Inc. announced that it has refinanced and expanded the borrowing base under its joint Senior Secured Revolving Credit Facility for its oil and gas joint venture with a new bank lender. The Facility was previously held under the COVID-related Main Street Lending Program. As a result of the new facility, the borrowing base was increased by 23% to $7.0 million.

The Facility bears interest at a rate of Chase Prime and is payable monthly.