PEDEVCO CORP 8-K

What Happened

• PEDEVCO CORP announced on January 9, 2026 (Form 8-K) that it drew $6 million under its Amended and Restated Credit Agreement on January 8, 2026. This draw follows an earlier $87 million borrowing tied to merger closings on October 31, 2025, bringing total borrowings under the facility to $93 million.
• The A&R Credit Agreement names Citibank, N.A. as administrative agent, provided an initial elected commitment of $120 million, and an aggregate maximum revolving amount of $250 million. The company says the January draw will fund participation in certain non-operated well operations and other company payables. Detailed repayment terms and recourse provisions are described in PEDEVCO’s November 3, 2025 Form 8-K, which this filing incorporates by reference.

Key Details

• A&R Credit Agreement initial elected commitments: $120 million; maximum revolving credit: $250 million.
• Borrowings: $87 million on Oct 31, 2025 (in connection with merger closings) + $6 million draw on Jan 8, 2026 = $93 million outstanding under the facility.
• Administrative agent: Citibank, N.A.; lenders are parties to the credit agreement.
• Use of proceeds from the Jan 8 draw: funding non-operated well operations and other company payables.

Why It Matters

• The draw increases PEDEVCO’s outstanding debt under its credit facility to $93 million, which affects the company’s liquidity and leverage position. Investors should note the purpose of the proceeds (operational participation and payables) and review the November 3, 2025 Form 8-K for the detailed terms, covenants and repayment obligations.
• The filing also references submission of matters to a vote of security holders (Item 5.07); the provided excerpt does not include those vote details, so investors should consult the full 8-K (and related filings) for complete information on any shareholder votes.