---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-086376"
form_type: "8-K"
ticker: "AMPY"
cik: "0001533924"
company_name: "Amplify Energy Corp."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:01:18.406086+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Amplify Energy closes $150M borrowing base credit facility, $120M drawn

## Summary
- Initial borrowing base $150M, elected commitments $135M, with $120M drawn and cash $7M.
- Net debt $113M, liquidity $22M after closing; facility matures July 31, 2027.
- Interest at adjusted SOFR or base rate plus margins of 2–3% (base) and 3–4% (SOFR).
- Financial covenants: net debt leverage ≤3.0x, current ratio ≥1.0 starting Q4 2023.
- Facility replaces prior $180M revolving credit facility; semi-annual redeterminations.

## SEC filing metadata
- accession: 0001104659-23-086376
- form_type: 8-K
- ticker: AMPY
- cik: 0001533924
- company_name: Amplify Energy Corp.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/0001104659-23-086376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/tm2322393d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086376
- JSON: https://secwatch.observer/filing/0001104659-23-086376.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086376.txt

## Key facts
- Debt Financings
  Amplify Energy Corp. amended revolving credit of $150 million with Keybanc Capital Markets Inc., Cadence Bank, N.A. and Citizens Bank, N.A. at adjusted SOFR plus applicable margin ranging from 2.00% to 3.00% for adjusted ba maturing July 31, 2027.
  - Instrument: revolving credit
  - Principal: $150 million
  - Counterparty: Keybanc Capital Markets Inc., Cadence Bank, N.A. and Citizens Bank, N.A.
  - Rate: adjusted SOFR plus applicable margin ranging from 2.00% to 3.00% for adjusted ba
  - Maturity: July 31, 2027
  - Event: amendment
  source text: The aggregate principal amount of loans outstanding under the New Credit Facility as of July 31, 2023, was $120 million. The initial borrowing base under the facility is $150 million with elected commitments of $135 million, and, consistent with the prior Revolving Credit Facility, the New Credit Facility borrowing base will be redetermined on a semi-annual
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/0001104659-23-086376-index.htm
- Material Agreements
  Amplify Energy Corp. amended New Credit Facility with Keybanc Capital Markets Inc., Cadence Bank, N.A., Citizens Bank, N.A., Keybank National Association valued at amended and restated reserve-based revolving credit facility; borrowing base $150 million; elected c (effective 2023-07-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Keybanc Capital Markets Inc., Cadence Bank, N.A., Citizens Bank, N.A., Keybank National Association
  - Value: amended and restated reserve-based revolving credit facility; borrowing base $150 million; elected c
  - Effective: 2023-07-31
  source text: On July 31, 2023, the Borrower and Acquisitionco amended and restated the Revolving Credit Facility with Keybanc Capital Markets Inc., Cadence Bank, N.A. and Citizens Bank, N.A. as joint lead arrangers and Keybank National Association as the administrative agent (the “New Credit Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/0001104659-23-086376-index.htm

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