Ring Energy Announces Debt Paydown, Reaffirmation of Borrowing Base and Enhanced Liquidity Position

Ring Energy announced a $66 million debt reduction in Q2 2026 using proceeds from an equity offering and operational cash flow. The company's $585 million borrowing base was reaffirmed following its semi-annual redetermination, and liquidity improved 41% to $226.1 million. The credit facility was also amended to eliminate a 10-basis point SOFR credit spread adjustment.