Amplify energy announces extension of its revolving credit facility and borrowing base redetermination

Houston, dec. 13, 2022 (globe newswire) -- amplify energy corp. (nyse: ampy) (“amplify” or the “company”) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to extend its credit agreement from november 2, 2023 to may 31, 2024. the redetermination resulted in a revised borrowing base of $215 million effective immediately with scheduled monthly reductions of $5 million until otherwise redetermined or adjusted in accordance with the provisions of the credit agreement.
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