PEDEVCO CORP 8-K

What Happened
PEDEVCO Corp. (PED) filed an 8-K on May 20, 2026 reporting that on May 19, 2026 it entered into a Third Amendment to its Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and the lenders. The amendment increases the borrowing base and elected commitment from $120 million to $125 million and is filed as Exhibit 10.4 to the 8-K.

Key Details

• Third Amendment effective May 19, 2026; 8-K filed May 20, 2026.
• Borrowing base and elected commitment increased from $120.0M to $125.0M (a $5.0M increase).
• The redetermination under the Third Amendment served as the redetermination originally scheduled for on or about December 1, 2025; the next redetermination is scheduled for on or about July 1, 2026.
• Citibank, N.A. acts as administrative agent; the amendment creates a direct financial obligation under the credit facility.

Why It Matters
This amendment increases PEDEVCO’s available bank financing by $5 million, which affects the company’s liquidity and borrowing capacity without issuing new securities. Investors should note the updated redetermination timing (next around July 1, 2026) and monitor how management uses the additional capacity and whether borrowings change, since changes in the company’s debt levels can impact cash flow, credit metrics and financial flexibility.