Vital Energy amends credit facility, cuts available loan amount to $10 million
VTLE•New loan signed with outside lender
Separately, the company signed a $4 million loan with an arm’s-length lender, maturing Aug. 28, 2027.
Advances under the new loan carry 12% annual interest, payable at maturity.
Credit facility amended and maturity extended
Vital Energy amended its existing credit facility, cutting available borrowing to $10 million from $15 million.
The facility’s maturity was extended to Aug. 28, 2027 from Aug. 28, 2026.
