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HighPeak Energy announced a comprehensive refinancing including a $450 million preferred equity investment and a new $800 million reserve-based credit facility. Citibank and Fifth Third Bank provided committed financing for the RBL, expected to close with the investment. Proceeds will repay a $1.17 billion term loan.
HighPeak Energy has finalized a $450 million preferred equity investment and a new $800 million credit facility, aimed at refinancing its existing debt.