debt
confidence high
sentiment neutral
materiality 0.55
Amplify Energy reduces borrowing base to $145M, increases commitments to $145M
Amplify Energy Corp.
- Borrowing base reduced from $150M to $145M; aggregate commitments raised from $135M to $145M.
- Applicable Rate for loans increased by 2.5 bps (SOFR from 2.725% to 2.750%; Base Rate from 3.725% to 3.750%).
- Upfront fee of 60 bps paid to KeyBank, Citizens Bank, and Cadence Bank on their commitment increases.
- Amendment executed October 25, 2024; no event of default existed at closing.