secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001104659-22-126647
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify extends credit facility to May 2024; borrowing base cut to $215M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/0001104659-22-126647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000110465922126647/tm2232497d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-126647

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