Amplify Energy Corp. closed an amended senior secured reserve‑based revolving credit facility with Citizens Bank, N.A. on December 31 2025. The new facility extends the maturity to December 31 2028 and establishes a $25 million borrowing base, of which $15 million is available in elected commitments. No balance was drawn at closing, giving the company a clean slate of liquidity for future needs.
The facility’s terms provide a flexible source of capital for capital expenditures and strategic initiatives. Borrowing base redeterminations will occur semi‑annually, with the next review scheduled for the second quarter of 2026. The $25 million borrowing base is supported by the company’s current asset base and cash flow profile, while the $15 million in elected commitments offers immediate access to credit if required.
Amplify Energy’s financial position underscores the importance of this credit line. As of December 31 2025, the company carried $127.53 million in debt, had generated $275.83 million in revenue, and had not posted a profit in the preceding twelve months. Its current ratio of 1.02 indicates tight but adequate short‑term liquidity. Recent divestitures—selling Oklahoma assets for $92.5 million and East Texas assets for $122 million—were used to reduce debt, while a planned transformational combination with Juniper Capital’s upstream Rocky Mountain portfolio companies is expected to further streamline operations and strengthen the balance sheet.
The new credit facility supports Amplify Energy’s strategic focus on portfolio simplification, debt reduction, and growth through acquisitions. By extending the maturity and providing a sizable borrowing base, the company gains the flexibility to fund future capital projects and pursue additional strategic opportunities without immediate refinancing pressure. The semi‑annual redetermination schedule allows management to adjust the borrowing base in response to evolving asset performance and market conditions, ensuring continued alignment with the company’s financial strategy.
Overall, the amended revolving credit facility enhances Amplify Energy’s financial flexibility, supports its ongoing restructuring efforts, and positions the company to capitalize on future growth opportunities while managing its debt profile.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.