Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CIVITAS RESOURCES, INC. amended credit facility of $3.3 billion borrowing base with JPMorgan Chase Bank, N.A. (as administrative agent).
- Instrument
- credit facility
- Principal
- $3.3 billion borrowing base
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent)
- Event
- amendment
Exact text from the filing
On May 28, 2025, Civitas Resources, Inc., a Delaware corporation (the “Company”), the guarantors party thereto (the “Guarantors”), the lenders party thereto, and JPMorgan Chase Bank, N.A., as the administrative agent (the “Administrative Agent”) entered into an Eighth Amendment to Amended and Restated Credit Agreement (the “Eighth Amendment”), which Eighth Amendment amends the terms of that certain Amended and Restated Credit Agreement, dated as of November 1, 2021, among the Company, the Guarantors, each lender from time to time party thereto, and the Administrative Agent (the “Credit Agreement”). The Eighth Amendment amends the Credit Agreement to, among other things: (i) reduce the Borrowing Base (as defined in the Credit Agreement) from $3.4 billion to $3.3 billion, (ii) reaffirm the elected loan limit under the Credit Agreement at $2.5 billion, and (iii) modify the definition of “Revolving Credit Maturity Date” in the Credit Agreement to remove the springing maturity requirement t
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