Prairie Operating amends Citibank-led credit agreement, eases current ratio covenant through 2026

Reuters2026/08/17 11:32

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Prairie Operating entered a third amendment to its amended and restated credit agreement with Citibank as administrative agent, effective June 30, 2026.
Minimum current-ratio covenant reset to 0.5x for the June quarter, 0.4x for the September quarter, 0.6x for the December quarter.
New covenant adds minimum hydrocarbon production thresholds, measured on rolling three-month periods and first tested Aug. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Prairie Operating Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-033264), on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Prairie Operating amends Citibank-led credit agreement, eases current ratio covenant through 2026

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