Ring Energy Announces Debt Paydown, Reaffirmation of Borrowing Base and Enhanced Liquidity Position
Ring Energy reduced outstanding borrowings by $66 million during the second quarter of 2026, using proceeds from a recent equity offering and cash flow from operations. This brought total debt outstanding under the Credit Facility to $360 million at June 30. The company increased its liquidity to $226.1 million from $160 million at March 31, a 41% improvement, following the semi-annual redetermination. The $1.0 billion revolving credit facility borrowing base was reaffirmed at $585 million.
Key figures
- Total debt
- 360000000
- Debt paydown
- 66000000
- Borrowing base
- 585000000
- Liquidity prior
- 160000000
- Liquidity current
- 226100000
- Credit facility limit
- 1000000000
AI analysis
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