secwatch.observer — SEC 8-K summary
======================================

Issuer:     Energy 11, L.P. (—)
CIK:        0001581552
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001185185-24-000194
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Energy 11 extends credit facility to March 2026, borrowing base cut to $20M
---------------------------------------------------------------------------

- Borrowing base reduced from $30M to $20M effective March 1, 2024.
- Maturity extended by two years to March 1, 2026; $100,000 amendment fee paid.
- Administrative fee waived as BancFirst becomes sole lender; $0 outstanding at execution.
- Semiannual redetermination retained; annual reserve report now required only once per year.
- Fifth Amendment modifies change-of-control definition and title-information requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/0001185185-24-000194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1581552/000118518524000194/energy1120240227_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer