Granite Ridge Resources Boosts Borrowing Base to $300M with Successful Credit Facility Expansion
Thursday, 4 April 2024, 20:18
Granite Ridge Resources Expands Revolving Credit Facility
Granite Ridge Resources (GRNT) announces a successful borrowing base redetermination, increasing the borrowing base to $300M and adding nine new banks to the lender list.
Key Highlights:
- Increased Financial Flexibility: Granite Ridge Resources boosts borrowing base for expansion opportunities.
- Strategic Partnership: Addition of new banks strengthens the company's financial position in the market.
This development underlines Granite Ridge Resources' commitment to enhancing growth prospects and ensuring stable operations in the evolving economic landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.