-+ 0.00%
-+ 0.00%
-+ 0.00%

Prairie Operating Reaffirms $1B, Multi-Year Reserve-Based Lending Credit Facility With Citibank, Maturity Date March 26, 2029

Benzinga·06/09/2025 11:35:22
Listen to the news

Prairie Operating Co. (NASDAQ:PROP) (the "Company" or "Prairie"), an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin, today announced the reaffirmation of its multi-year Reserve-Based Lending ("RBL") credit facility with Citibank, N.A., its lead arranger.

Following its semi-annual redetermination, the Company's reserve-based credit facility was reaffirmed with a borrowing base of $475 million, a maximum facility size of $1.0 billion, and a maturity date of March 26, 2029.