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Amplify Energy Corp. has completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to its credit agreement.
The redetermination affirmed the borrowing base at $225 million.
The next regularly scheduled borrowing base redetermination is expected to occur in November 2022.
As of May 31, 2022, Amplify had total net debt of $187 million, with $215 million outstanding under its credit facility and $28 million of cash on hand.
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