Granite Ridge Resources, Inc. 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?). Increased 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; and Expanded 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.
Real-time Estimate
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5-day change | 1st Jan Change | ||
6.395 USD | -1.92% | -2.83% | +8.31% |
Apr. 29 | Evercore ISI Starts Granite Ridge Resources With In Line Rating, $8 Price Target | MT |
Apr. 04 | Granite Ridge Resources Amends Credit Facility to $300 Million | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+8.31% | 852M | |
+7.66% | 297B | |
+7.87% | 147B | |
+56.15% | 128B | |
+19.55% | 81.38B | |
+8.47% | 76B | |
+19.45% | 62.92B | |
+9.71% | 58.63B | |
+9.06% | 48.36B | |
+26.37% | 35.87B |
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