secwatch.observer — SEC 8-K summary
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Issuer:     Amplify Energy Corp. (AMPY)
CIK:        0001533924
Form:       8-K
Filed at:   2024-10-25T23:59:59+00:00
Accession:  0001104659-24-111537
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amplify Energy reduces borrowing base to $145M, increases commitments to $145M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1533924/000110465924111537/0001104659-24-111537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1533924/000110465924111537/tm2426527d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-111537

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