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Stock impact report

Empire Petroleum Extends $20.0 Million Revolver Loan Facility with Equity Bank Through 2028

Empire Petroleum Corporation (EP) 
Company Research Source: Business Wire
TULSA, Okla.--(BUSINESS WIRE)--Empire Petroleum Corporation (NYSE American: EP) (“Empire” or the “Company”) today announced that it has entered into a third amendment to its Revolver Loan Agreement with Equity Bank (Equity Bancshares, Inc. NYSE: EQBK), extending the maturity date of its existing revolving credit facility. The amendment maintains the current maximum principal amount of $20.0 million and extends the facility’s maturity from December 29, 2026, to December 29, 2028, providing additional flexibility to support the Company’s strategic growth initiatives.“This extension underscores our strong relationship with Equity Bank and their continued confidence in our business strategy,” said Mike Morrisett, President and CEO. “We greatly appreciate the support and deep industry knowledge of their energy team, which has been a valuable resource throughout our partnership. The additional term provides us with enhanced financial flexibility as we pursue opportunities to grow and op Show less Read more
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