Pacific Energy Development Announces Restructuring of Debt Facilities in Anticipation of Previously Announced Merger

DANVILLE, CA–(Marketwired – September 01, 2015) – PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) is pleased to announce today that it has successfully restructured its approximately $35 million senior debt facility and its approximately $8.35 million subordinated debt facility. The restructuring includes the following changes: