Financing ·
Riley Exploration Permian refinances $130M of Senior Notes with new Credit Agreement borrowings
REPXRiley Exploration Permian, Inc.
On October 5, 2026, Riley Exploration Permian voluntarily prepaid in full its outstanding $130.0 million of 10.50% Senior Unsecured Notes due 2028 at par plus accrued interest. The company funded the prepayment by borrowing $130 million under its existing Credit Agreement with Truist Bank, leaving aggregate indebtedness substantially unchanged. Following this transaction, total borrowings outstanding under the Credit Agreement increased to $245 million against a borrowing base of $425 million. The company expects to recognize a non-cash loss on debt extinguishment related to unamortized costs. Riley Exploration Permian operates in the oil and gas industry, focusing on exploration and production.