---
title: "PEDEVCO Secures Additional $5 Million Draw Under Amended Credit Agreement with Citibank"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275033877.md"
datetime: "2026-02-05T21:31:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275033877.md)
  - [en](https://longbridge.com/en/news/275033877.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275033877.md)
---

# PEDEVCO Secures Additional $5 Million Draw Under Amended Credit Agreement with Citibank

PEDEVCO Corp. has entered into an Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and a group of lenders. The agreement provides for an initial borrowing base and aggregate elected commitments of $120 million, with a maximum revolving credit amount of $250 million. As part of this financing, PEDEVCO previously borrowed $87 million at closing, followed by an additional $6 million on January 8, 2026, and a further $5 million on February 5, 2026. The latest drawdown is intended to fund the company’s participation in certain non-operated well operations and other company payables. The terms of the loan and its recourse provisions are detailed in the company’s earlier filings. Approval for the latest drawdown was granted by the majority holders of PEDEVCO’s Series A Convertible Preferred Stock. 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. PEDEVCO Corp. 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: 0001654954-26-000956), on February 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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