Granite Ridge Announces Expansion of Revolving Credit Facility
Granite Ridge Resources, Inc. (GRNT)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Granite Ridge Resources, Inc. (“Granite Ridge” or the “Company”) (NYSE: GRNT) today announced the successful completion of its semi-annual borrowing base redetermination and entry into the third amendment to the Company’s existing credit agreement (the “Third Amendment”).Key HighlightsIncreased the borrowing base from $275 million to $300 million;Raised the aggregate elected commitments by 25% to $300 million;Appointed Bank of America, N.A. as successor Administrative Agent and L/C Issuer; andExpanded the lender syndicate by adding nine new banks.The next regularly scheduled bank redetermination for the Company is scheduled to occur during the fall of 2024.Luke Brandenberg, President and CEO, commented, “Today marks a significant milestone for Granite Ridge as we announce increases in our borrowing base and elected commitments of 9% and 25%, respectively, and the addition of nine banks to our syndicate. This expansion is a testament to our financial streng
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News
- Granite Ridge Resources, Inc. (NYSE: GRNT) is now covered by analysts at Evercore ISI. They set an "in-line" rating and a $8.00 price target on the stock.MarketBeat
- Granite Ridge Resources Schedules First Quarter 2024 Earnings Conference CallBusiness Wire
- Glancy Prongay & Murray LLP Announces Investigation of Granite Ridge Resources, Inc. (GRNT)Business Wire
- Granite Ridge Resources, Inc. to Participate in Water Tower Fireside Chat SeriesBusiness Wire
- Granite Ridge Resources, Inc. Reports Fourth Quarter and Full-Year 2023 Results and Provides Outlook for 2024Business Wire
GRNT
Earnings
- 3/7/24 - Beat
GRNT
Sec Filings
- 4/15/24 - Form DEF
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- GRNT's page on the SEC website