04:34 PM EDT, 04/04/2024 (MT Newswires) -- Granite Ridge Resources ( GRNT ) said Thursday that it amended existing credit agreement to increase the borrowing base by $25 million to $300 million.

The next bank redetermination for Granite Ridge is scheduled for fall, according to the company.

Granite Ridge also raised the aggregate elected commitments by 25% to $300 million.

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