Amplify Energy Corp. (NYSE: AMPY) closed an amended revolving credit facility with Citizens Bank, N.A., extending the maturity to December 31, 2028. The initial borrowing base is $25 million with elected commitments of $15 million. The borrowing base will be redetermined semi-annually, with the next redetermination expected in Q2 2026. After closing the amendment, Amplify had no balance drawn on the facility and cash on hand for strategic objectives. Amplify Energy Corp. focuses on oil acquisition, development, and production in Beta (Pacific Offshore Continental Shelf) and Bairoil (Rockies). Their forward-looking statements include risks and uncertainties related to their operations and financial conditions.

Read more at GlobeNewswire: Amplify Energy Announces Closing of Amended Revolving