Prairie Operating amends Citibank-led credit agreement, eases current ratio covenant through 2026

Prairie Operating entered a third amendment to its amended and restated credit agreement with Citibank as administrative agent, effective June 30, 2026.

• The minimum current-ratio covenant was reset to 0.5x for the June quarter, 0.4x for the September quarter, and 0.6x for the December quarter.
• The new covenant also adds minimum hydrocarbon production thresholds, measured on rolling three-month periods and first tested Aug. 31, 2026.