Riley Exploration Permian, Inc.: prepays $130,000,000 senior notes

What happened

• The filing reports that on Oct 5, 2026, Riley Exploration - Permian, LLC ("REP LLC"), a wholly-owned subsidiary of Riley Exploration Permian, Inc. ("REPX"), voluntarily prepaid in full all outstanding 10.50% Senior Unsecured Notes due 2028 issued under the Note Purchase Agreement.
• Immediately prior to the prepayment the aggregate principal amount outstanding was $130,000,000. The Company prepaid the Senior Notes at 100% of principal plus accrued and unpaid interest through the prepayment date and funded the prepayment with borrowings under the Credit Agreement described in Item 2.03.

Key details

• Outstanding principal immediately before prepayment: $130,000,000.
• Prepayment terms: 100% of outstanding principal plus accrued and unpaid interest; no prepayment premium payable.
• After prepayment: no Senior Notes remained outstanding; all commitments under the Note Purchase Agreement were terminated and obligations under that agreement were satisfied and discharged, except for certain customary continuing obligations.
• The Company expects to recognize a non-cash loss on extinguishment of debt related to the write-off of remaining unamortized discount and deferred financing costs.

Why it may matter

• The filing reports Item 1.02 (termination of a material definitive agreement) describing the voluntary full prepayment and termination of the Note Purchase Agreement, and Item 2.03 (creation of a direct financial obligation) describing borrowings under the Credit Agreement used to fund the prepayment. The filing states the amounts, dates and that a non-cash loss is expected to be recorded. The filing does not show why the insider traded or why the company acted.