Saturn Oil & Gas Inc. Announces Extension and Increase to Credit Facility

Saturn Oil & Gas Inc. has entered into an amendment to its syndicated credit facility, extending the tenor from two years to three years, with a new maturity date of July 31, 2029. The company's elected commitment under the facility has increased from $150 million to $200 million, with access to a total available borrowing base and commitments of up to $500 million. The CEO expressed satisfaction with the increased liquidity and financial flexibility, noting a lower cost of borrowing that reflects the company's growth and proven track record. The credit facility is subject to semi-annual borrowing base redeterminations, with the next review scheduled for June 30, 2027.