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AI brief of an SEC Form 8-K · Riley Exploration Permian, Inc. (REPX)

Riley Exploration Permian prepays $130 million senior notes with credit facility borrowing

Neutral Impact 3 of 5 financing Written later

Riley Exploration Permian's subsidiary repaid all $130.0 million of its 10.50% Senior Unsecured Notes due 2028 on October 5, 2026, at 100% of principal plus accrued interest, with no prepayment premium. The prepayment was funded by a $130 million borrowing under the company's Credit Agreement, so total debt is substantially unchanged, though the credit facility now carries secured, floating-rate terms and a maturity of December 13, 2028.

Key points

  • Senior Notes of $130.0 million repaid at 100% of principal plus accrued interest on October 5, 2026, with no prepayment premium
  • Company expects a non-cash loss on extinguishment of debt from writing off unamortized discount and deferred financing costs; amount not stated
  • Funded by $130 million borrowing under the Credit Agreement with Truist Bank as administrative agent; facility balance $245 million, borrowing base $425 million, elected commitments $400 million
  • Credit Agreement borrowings are secured by substantially all company assets; SOFR loans priced at 2.75% to 3.75% above Term SOFR

The filing

CompanyRiley Exploration Permian, Inc. (REPX)
Form8-K, current report
Filed with the SECOct 7, 2026, 4:05 PM ET
Accession number0001001614-26-000053

Items reported: 1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 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 07, 2026.

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.