Financing ·
Prairie Operating Co. entered into a Second Amendment to its Amended and Restated Credit Agreement with Citibank, N.A.…
PROPPrairie Operating Co.
Prairie Operating Co. entered into a Second Amendment to its Amended and Restated Credit Agreement with Citibank, N.A. and other lenders, reaffirming a borrowing base of $475,000,000 and modifying certain cash flow covenants and reporting requirements. Additionally, the company entered into a letter agreement with Hudson Bay PH XIX LLC to adjust the conversion terms of Series F Convertible Preferred Stock, allowing for an incremental amount of common stock up to 21,156,339 shares and shifting the Anniversary Warrant Issuance Date to August 7, 2026. Prairie Operating Co. is an oil and gas exploration and production company.