PHX Minerals Inc. Announces Reaffirmation of Borrowing Base and Extension of Revolving Credit Facility

FORT WORTH, Texas, April 18, 2024 /PRNewswire/ -- PHX Minerals Inc., "PHX" or the "Company" (NYSE: PHX) today announced that PHX's bank lending group led by Independent Financial has completed its regularly scheduled semi-annual redetermination of the Company's senior secured credit facility (the "Credit Facility") and reaffirmed the existing $50 million Borrowing Base with no changes to pricing, covenants or other material terms. Further, the Maturity Date of the credit facility was extended from Sept. 1, 2025, to Sept. 1, 2028. 

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