secwatch.observer — SEC 8-K summary
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Issuer:     Magnolia Oil & Gas Corp (MGY)
CIK:        0001698990
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0001104659-24-117696
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698990/000110465924117696/0001104659-24-117696-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698990/000110465924117696/tm2427987d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-117696

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