Battalion Oil Corporation BATL

Real supply does not reflect the balance of demand. There is a very serious manipulation.

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Fly time 🥰

Battalion Energy Corporation (NYSE: BATL) has retained TenOaks Energy Advisors as its exclusive advisor in connection with the sale of assets located in the Delaware Basin.

Offers due: July 1st

We are waiting offer

Shortable shares increased significantly, rising from 500K to 1.5M in just 3 hours.

There is a deliberate decline to close short positions.

• ✅ No new cash debt was incurred. The $162.5 million facility is a refinancing of the company’s existing debt, meaning Battalion did not take on an additional $162.5 million in new borrowing.
• ✅ Interest expense was reduced. The previous loan carried an interest rate of SOFR + 7.75%–8.50%, while the new facility is priced at SOFR + 6.50%, reducing borrowing costs by at least 125 basis points (1.25%).
• ✅ The loan maturity was extended. The debt now matures in December 2029, easing near-term refinancing pressure.
• ✅ Principal repayments were deferred. Regular principal payments will not begin until Q2 2027, improving the company’s cash flow.
• ✅ An additional delayed draw term loan facility of up to $175 million was established. This is not immediate debt; it is an available financing option that the company can access in the future, subject to lender approval.
• ✅ The company also reported approximately $97 million in cash on hand and net debt of approximately $65.5 million, indicating a relatively strong liquidity position following the refinancing.