Empire Petroleum Increases Revolver Loan Facility with Equity Bank to $20 Million in Support of Strategic Growth Initiatives [Yahoo! Finance]
Equity Bancshares, Inc. Class A (EQBK)
Last equity bancshares, inc. class a earnings: 4/29 07:21 pm
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Source: Yahoo! Finance
TULSA, Okla., November 22, 2024 BUSINESS WIRE Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company") today announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank (Equity Bancshares, Inc. NYSE: EQBK), increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. Currently, Empire has approximately $8.4 million borrowed on the $20.0 million facility. The loan is secured by assets from two of the Company's subsidiaries, Empire North Dakota, LLC, and Empire ND Acquisition, LLC. The increase highlights Empire's strong operational and financial progress, supported by ongoing strategic initiatives, including the successful completion of an oversubscribed $10.0 million rights offering earlier this year. "I would like to express my appreciation to Equity Bank's energy team for their continued support," said Mike Morrisett, President and CEO. "This revolver increase prov
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EQBK
Earnings
- 10/15/24 - Beat
EQBK
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form SCHEDULE
- EQBK's page on the SEC website