KEI Unit's Credit Facility Borrowing Base Raised to US$75 Million; Shares Rise Premarket
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Kolibri Global Energy (KGEI) announced an increase in the borrowing base of its unit Kolibri Energy US Inc. from US$65 million to US$75 million on its revolving credit line. The outstanding amount drawn is approximately US$44 million. CEO Wolf Regener stated that this increase enhances flexibility and supports production and cash flow growth. The company anticipates a year-end net debt of US$25 to US$30 million. KGEI shares rose 4.4% to US$5.35 in pre-market trading. Financial results for Q1 2026 are expected on May 14, 2026.
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