FORT
WORTH, Texas, April 18,
2024 /PRNewswire/ -- PHX Minerals Inc., "PHX" or the
"Company" (NYSE: PHX) today announced that PHX's bank lending group
led by Independent Financial has completed its regularly scheduled
semi-annual redetermination of the Company's senior secured credit
facility (the "Credit Facility") and reaffirmed the existing
$50 million Borrowing Base with no
changes to pricing, covenants or other material terms. Further, the
Maturity Date of the credit facility was extended from Sept. 1, 2025, to Sept.
1, 2028.
Chad Stephens, President and CEO,
commented, "The reaffirmation of our borrowing base demonstrates
the quality and resiliency of our assets and our financial
strength. We value our relationship with the bank lending group and
are appreciative of their continued support and confidence in
PHX."
About PHX Minerals Inc.
PHX Minerals is a natural gas and oil mineral company with a
strategy to proactively grow its mineral position in its core focus
areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North
Dakota and Arkansas. Additional information on the
Company can be found at www.phxmin.com.
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SOURCE PHX MINERALS INC.