secwatch / observer
8-K filed December 13, 2022, 6:59 PM ET ticker AMPY CIK 0001533924
debt confidence high sentiment neutral materiality 0.65

Amplify Energy Corp. (AMPY): debt financing — Amplify extends credit facility to May 2024; borrowing base cut to $215M

Amplify Energy Corp.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Amplify Energy Corp. amended credit facility of borrowing base under the Credit Agreement to $215 million with KeyBank National Association, as administrative agent at transition from London Inter-Bank Offered Rate to Secured Overnight Financing Ra maturing May 31, 2024.

Instrument
credit facility
Principal
borrowing base under the Credit Agreement to $215 million
Counterparty
KeyBank National Association, as administrative agent
Rate
transition from London Inter-Bank Offered Rate to Secured Overnight Financing Ra
Maturity
May 31, 2024
Event
amendment
Exact text from the filing
the “Credit Agreement”), to, among other things: · extend the maturity date from November 2, 2023, to May 31, 2024; · reduce the borrowing base under the Credit Agreement to $215 million; provided that, beginning on December 31, 2022, the borrowing base will be reduced by $5.0 million per month on the last calendar day of each month . The borrowing base, as
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Amplify Energy Corp. amended Borrowing Base Redetermination Agreement and Seventh Amendment to Credit Agreement with the lenders party thereto and KeyBank National Association, as administrative agent (effective 2022-12-09).

Action
amendment
Agreement
credit facility
Counterparty
the lenders party thereto and KeyBank National Association, as administrative agent
Effective
2022-12-09
Exact text from the filing
On December 9, 2022, Amplify Energy Operating LLC (the “Borrower”), a wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the “Company”), entered into the Borrowing Base Redetermination Agreement and Seventh Amendment to Credit Agreement, among the Borrower, Amplify Acquisitionco LLC, a Delaware limited liability company, the guarantors party thereto, the lenders party thereto and KeyBank National Association, as administrative agent (the “Seventh Amendment”).
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Amplify Energy Corp. filing history →

Source: SEC EDGAR
accession 0001104659-22-126647
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