Vital Energy, Inc. announced on May 8, 2025, that its lenders, through the regular semi-annual redetermination process, set the senior secured credit facility's borrowing base and elected commitment at $1.4 billion. This represents a $100 million reduction from the previous amount of $1.5 billion.
The adjustment to the borrowing base impacts the total amount of funds available to the company under its credit facility. This change reflects the lenders' assessment of the company's proved oil and natural gas reserves and prevailing commodity prices.
Despite the reduction, Vital Energy reported having $735 million outstanding on its credit facility at March 31, 2025, and cash and cash equivalents of $29 million. The company maintains total liquidity of $695 million as of March 31, 2025, providing continued financial flexibility.
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