Berry corporation (bry) announces new $200 million reserve based lending (rbl) facility and repurchases under its previously announced share repurchase program

Dallas, aug. 26, 2021 (globe newswire) -- berry corporation (bry) (nasdaq: bry) (“bry” or the “company”) today announced entry into a credit agreement, effective august 26, 2021, for a new reserve based lending (rbl) facility with a borrowing base of $500 million and $200 million commitment. this new facility replaces the company's existing credit facility, which was terminated. the company also announced the open market repurchase of approximately 471,000 shares under its previously announced $100 million share repurchase program. approximately $47 million remains available currently for future repurchases.
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