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Prairie Operating Co. reaffirms $475M credit facility and advances Series F preferred stock refinancing.

Company Fundamentals
11 Jun 2026
GlobeNewsWire
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Bullish
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Prairie Operating Co. has reaffirmed its $475 million credit facility with Citibank, reflecting strong lender confidence in its assets and operations. The company also reached an agreement to extend and improve terms related to its Series F Convertible Preferred Stock, reducing potential shareholder dilution and providing more time to address the remaining preferred stock balance. These steps strengthen Prairie's financial position and simplify its capital structure, supporting its long-term growth strategy in oil and natural gas development in the Denver-Julesburg Basin.

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Reactive hot melt adhesives market to reach $4.29B by 2035, driven by automotive and furniture demand.

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