Permian Resources amends credit agreement, reaffirms $4.0 billion borrowing base
Permian Resources' operating subsidiary signed a Tenth Amendment to its credit agreement with JPMorgan Chase Bank as administrative agent, dated October 24, 2025. The amendment reaffirmed the $4.0 billion borrowing base and $2.5 billion of elected revolving commitments, and added new interest pricing terms tied to investment grade ratings. The filing describes the changes as adjustments to pricing rather than changes to the size of the facility.
Key points
- Borrowing base reaffirmed at $4.0 billion under the amended agreement
- Aggregate elected revolving commitments reaffirmed at $2.5 billion
- New borrowing base utilization pricing grid applies when Fitch rating is BBB- or better
- Interest rates may be reduced during an investment grade period, subject to certain conditions
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.