PEDEVCO Corp. has amended its existing credit facility by entering into an Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and a group of lenders. The agreement provides for an initial borrowing base and aggregate elected commitments of $120 million, with a maximum revolving credit amount of $250 million. On October 31, 2025, PEDEVCO borrowed $87 million under the terms of the amended agreement, followed by an additional $6 million draw on January 8, 2026. The most recent funds are expected to be used for the company’s participation in certain non-operated well operations and to cover other company payables. The new debt draw was approved by the majority holders of PEDEVCO’s Series A Convertible Preferred Stock.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PEDEVCO Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001654954-26-000231), on January 09, 2026, and is solely responsible for the information contained therein.
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