Empire Petroleum entered into a third amendment to its revolver loan agreement with Equity Bank, extending the maturity date of its existing revolving credit facility. The amendment maintains the current maximum principal amount of $20 million and extends the facility’s maturity from Dec. 29, 2026, to Dec. 29, 2028, providing additional flexibility to support the company’s strategic growth initiatives.
“This extension underscores our strong relationship with Equity Bank and their continued confidence in our business strategy,” Mike Morrisett, president and CEO of the company, said. “We greatly appreciate the support and deep industry knowledge of their energy team, which has been a valuable resource throughout our partnership. The additional term provides us with enhanced financial flexibility as we pursue opportunities to grow and optimize our asset base.”
