Berry Corporation Reaffirms a Strong Liquidity Position, Balance Sheet Strength, and Ongoing Free Cash Flow Generation
BRYBerry (bry)(BRY) GlobeNewswire News Room·2024-08-30 18:30

DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) is reaffirming its strong liquidity position consisting of 94millionofavailableborrowingcapacityunderitsreservebasedlending(RBL)facilityand94 million of available borrowing capacity under its reserve-based lending (“RBL”) facility and 11 million of cash as of August 23, 2024, as well as its expectation of significant free cash flow generation continuing during the second half of 2024. As of August 23, 2024, the Company’s borrowings outstanding under its RBL facility were $22 mil ...