secwatch.observer — SEC 8-K summary
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Issuer:     EARTHSTONE ENERGY INC (—)
CIK:        0000010254
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0000010254-23-000143
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Earthstone Energy amends credit agreement; borrowing base increased to $2.0B contingent on Novo acquisition
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- Ninth Amendment raises aggregate elected borrowing base commitments from $1.4B to $1.75B and borrowing base from $1.65B to $2.0B.
- Amendment is contingent on closing of previously announced acquisition of Novo Oil & Gas Holdings, LLC by September 19, 2023.
- Adds JPMorgan Chase Bank and Citibank as new lenders, arrangers, and documentation agents.
- Conditions include no default, consummation of Novo Acquisition, and delivery of reserve reports and financials.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/0000010254-23-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10254/000001025423000143/este-20230707.htm
  HTML page:      https://secwatch.observer/filing/0000010254-23-000143

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer