10:06 AM EST, 12/27/2024 (MT Newswires) -- Battalion Oil ( BATL ) said Friday its Halcon Holdings subsidiary has refinanced all of its existing senior secured credit agreements with lenders, who are providing Halcon with $162 million in borrowing capacity through a new term loan maturing in December 2028.

The lenders also are providing an incremental term loan facility for up to $63 million in short-term borrowing.

Battalion shares were more than 12% higher in recent Friday trading.

Price: 1.96, Change: +0.15, Percent Change: +8.29