---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-117696"
form_type: "8-K"
ticker: "MGY"
cik: "0001698990"
company_name: "Magnolia Oil & Gas Corp"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:58:41.469266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Magnolia Oil & Gas amends RBL facility: $1.5B commitments, $800M borrowing base, maturity 2029

## Summary
- Maximum commitments increased to $1.5B; initial borrowing base set at $800M.
- Letter of credit sublimit of $50M; maturity date November 13, 2029.
- Facility secured by oil & gas properties; leverage ratio covenant ≤3.50x, current ratio ≥1.00x.
- Replaces existing credit agreement dated February 2022; improves liquidity headroom.

## SEC filing metadata
- accession: 0001104659-24-117696
- form_type: 8-K
- ticker: MGY
- cik: 0001698990
- company_name: Magnolia Oil & Gas Corp
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698990/000110465924117696/0001104659-24-117696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698990/000110465924117696/tm2427987d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-117696
- JSON: https://secwatch.observer/filing/0001104659-24-117696.json
- Plain text: https://secwatch.observer/filing/0001104659-24-117696.txt

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