The amended senior secured reserve-based revolving credit facility, with Citizens Bank, N.A. as the administrative agent, amends the Company's existing senior secured reserve-based revolving credit facility and extends the maturity to December 31, 2028.
The initial borrowing base under the amended revolving credit facility is $25 million with elected commitments of $15 million. The borrowing base will be redetermined on a semi-annual basis with the next redetermination expected to occur in the second quarter of 2026. After closing the amendment on December 31, 2025, Amplify had no balance drawn on the revolving credit facility and cash on hand to fund its strategic objectives.
About Amplify Energy
Amplify Energy Corp. is an independent oil company engaged in the acquisition, development, exploitation and production of oil. Amplify's operations are focused in Beta (Pacific Offshore Continental Shelf) and Bairoil (Rockies). For more information, visit www.amplifyenergy.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that ...
