PEDEVCO CORP 8-K

What Happened

• PEDEVCO Corp announced a $5 million draw under its Amended and Restated Credit Agreement (A&R Credit Agreement) on February 5, 2026. The A&R Credit Agreement, entered October 31, 2025, names Citibank, N.A. as Administrative Agent and provides an initial borrowing base and elected commitments of $120 million with a maximum revolving credit amount of $250 million.
• Prior to the Feb. 5 draw, PEDEVCO borrowed $87 million in connection with the closing of earlier mergers and an additional $6 million on January 8, 2026, bringing cumulative borrowings under the facility to $98 million. The filing incorporates by reference the November 3, 2025 Form 8-K for full terms, repayment conditions and recourse provisions.

Key Details

• Lender/Agent: Citibank, N.A. acting as Administrative Agent.
• Facility capacity: initial elected commitments $120 million; aggregate maximum revolving credit $250 million.
• Borrowings: $87.0M (at merger closing, Oct. 31, 2025), $6.0M (Jan. 8, 2026), $5.0M (Feb. 5, 2026) — total $98.0M drawn to date.
• Use of proceeds: fund PEDEVCO’s participation in certain non-operated well operations and to pay other company payables.
• The filing also references submission of matters to a vote of security holders (Item 5.07); the provided excerpt does not include the vote results, which are described elsewhere in the filing.

Why It Matters

• This draw increases PEDEVCO’s outstanding borrowings under its revolving credit facility and affects the company’s available liquidity and borrowing capacity.
• The amounts and terms (as detailed in the Nov. 3, 2025 8-K) determine repayment obligations and any lender remedies; investors should review the incorporated November 2025 8-K for material repayment and recourse terms.
• Use of proceeds toward well operations signals the company is funding near-term operational commitments rather than capital return or one-time items; investors tracking leverage, cash flow needs, and operational activity should note the change.