Mr. Yingchuan Wu reports
VITAL ENERGY ANNOUNCES AMENDMENTS TO EXISTING CREDIT FACILITY AND ADDITIONAL CREDIT FACILITY
Further to Vital Energy Inc.'s Dec. 5, 2023, April 3, 2024, Aug. 28, 2024, and Aug. 28, 2025, news releases, its existing credit facility has been amended to decrease the available loan amount from $15-million to $10-million, and to extend the maturity date from Aug. 28, 2026, to Aug. 28, 2027. In addition, the corporation has entered into a loan agreement with another arm's-length lender for a $4-million loan agreement, that matures on Aug. 28, 2027, and funds advanced bear interest at a rate of 12 per cent per annum, payable on the maturity date.
About Vital Energy Inc.
Vital Energy is a publicly traded junior oil and gas company whose primary focus is light and medium crude oil production in Western Canada.
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