Amplify Energy's Borrowing Base Reaffirmed at $225MM

Thursday,June 23,2022

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.