Ann: Quarterly Activities Report, page-27

Yep, Matteomc,
Renewal of facility allows for more aggressive cash distributions.
Unlikely(?) to draw on new facility, but it means that can run with a much smaller contingency buffer.

The other significant advantage, as stated, they keep the relationship/facility open.
ESG considerations now make it much more difficult to establish a new facility.
Compared to expanding an existing facility.
This means that

1. it is sitting there in case they decided to make an acquisition. I think that is unlikely.
2. for a predator lookin at HZN's cashflow as a part funding option for a new development, they also inherit an existing reserve based facility that can be supercharged with HZN's reserves and the reserves of their development