Company: REI
Filing Date: 2025-06-23
Form Type: 8-K
Source: 0001628280-25-032605
Chunk: 0

Company: RING ENERGY, INC.
Filing Date: 2025-06-23
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01 Entry into a Material Definitive Agreement.

On June 18, 2025, Ring Energy, Inc. (the “ Company”) as borrower, Bank of America, N. A. as the Administrative Agent and Issuing Bank (“ Bank of America”), and the lenders party thereto (the “ Lenders”) entered into the Third Amended and Restated Credit Agreement (the “ Credit Agreement”) which amended and restated that certain Second Amended and Restated Credit Agreement dated as of August 31, 2022, by and among the Company, Truist Bank, as administrative agent, and the lenders party thereto, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement, dated as of February 12, 2024 (the “ Existing Credit Agreement”). All of the obligations under the Credit Agreement, and the guarantees of those obligations, are secured by substantially all of the Company’s assets. Among other things, the Credit Agreement changes the administrative agent from Truist Bank to Bank of America; reduces the borrowing base and aggregate elected commitment from $600 million to $585 million; extends the maturity date of the Credit Agreement from August 31, 2026 to June 18, 2029; reduces the applicable margin pricing grid by 25 basis points; and makes certain administrative changes to the Existing Credit Agreement.

The foregoing description of the Credit Agreement is qualified in its entirety by the terms of the Credit Agreement, a copy of which is attached to this Current Report on Form 8-K as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.