secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001104659-23-086376
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/0001104659-23-086376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000110465923086376/tm2322393d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-086376

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