---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-126647"
form_type: "8-K"
ticker: "AMPY"
cik: "0001533924"
company_name: "Amplify Energy Corp."
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:22:45.893972+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Amplify extends credit facility to May 2024; borrowing base cut to $215M

## Summary
- Maturity extended from Nov 2, 2023 to May 31, 2024; borrowing base reduced to $215M with $5M monthly reductions.
- Total net debt of $167M as of Nov 30: $190M drawn on facility and $23M cash on hand.
- Maximum Consolidated Net Leverage Ratio tightened from 4.0x to 3.0x; dividend ability removed through maturity.
- CEO: extension provides time to refinance after Beta field returns to production (expected Q1 2023).

## SEC filing metadata
- accession: 0001104659-22-126647
- form_type: 8-K
- ticker: AMPY
- cik: 0001533924
- company_name: Amplify Energy Corp.
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/0001104659-22-126647-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/tm2232497d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-126647
- JSON: https://secwatch.observer/filing/0001104659-22-126647.json
- Plain text: https://secwatch.observer/filing/0001104659-22-126647.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/0001104659-22-126647-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/0001104659-22-126647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.