Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
ACACIA RESEARCH CORP incurred revolving credit of maximum aggregate credit amount of $150 million, of which approximately $85 million was available at the Closing Date, a with Frost Bank as Administrative Agent; BE Anadarko II, LLC as Borrower at Adjusted Term SOFR Margin Rate plus a margin of 3.00% to 4.00% maturing three years from the Closing Date.
- Instrument
- revolving credit
- Principal
- maximum aggregate credit amount of $150 million, of which approximately $85 million was available at the Closing Date, a
- Counterparty
- Frost Bank as Administrative Agent; BE Anadarko II, LLC as Borrower
- Rate
- Adjusted Term SOFR Margin Rate plus a margin of 3.00% to 4.00%
- Maturity
- three years from the Closing Date
- Event
- incurrence
Exact text from the filing
On the Closing Date (defined below) in connection with the Transaction (defined below), BE Anadarko II, LLC (“BE Anadarko”), a subsidiary of Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”), by and among BE Anadarko, as Borrower, Frost Bank, as Administrative Agent and LC Issuer (“Frost Bank”), and the lenders from time to time party thereto (the “Lenders”), governing a new revolving credit facility (the “Revolving Credit Facility”), with a maximum aggregate credit amount of $150 million, of which approximately $85 million was available at the Closing Date, that BE Anadarko may draw upon from time to time subject to the terms and conditions set forth in the Loan Agreement. The Revolving Credit Facility will mature three years from the Closing Date and includes a letter of credit subfacility. On the Closing Date, $82.7 million, including
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
ACACIA RESEARCH CORP completed an acquisition involving Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC for $145 million in cash (closed 2024-04-17).
- Action
- acquisition
- Counterparty
- Revolution Resources II, LLC, Revolution II NPI Holding Company, LLC, Jones Energy, LLC, Nosley Assets, LLC, Nosley Acquisition, LLC, and Nosley Midstream, LLC
- Consideration
- $145 million in cash
- Closing
- 2024-04-17
Exact text from the filing
of the Purchase Agreement (such purchase and sale, together with the other transactions contemplated by the Purchase Agreement, the “Transaction”) for a purchase price of $145 million in cash (the “Purchase Price”), subject to customary post-closing adjustments. The Company’s contribution to Benchmark to fund its portion of the Purchase Price and related fees
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ACACIA RESEARCH CORP entered into Loan Agreement with Frost Bank, as Administrative Agent and LC Issuer, and the lenders from time to time party thereto valued at $150 million.
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Frost Bank, as Administrative Agent and LC Issuer, and the lenders from time to time party thereto
- Value
- $150 million
Exact text from the filing
BE Anadarko II, LLC (“BE Anadarko”), a subsidiary of Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), a majority-owned subsidiary of Acacia Research Corporation (the “Company”), entered into a Loan Agreement (the “Loan Agreement”), by and among BE Anadarko, as Borrower, Frost Bank, as Administrative Agent and LC Issuer (“Frost Bank”), and the lenders from time to time party thereto (the “Lenders”), governing a new revolving credit facility (the “Revolving Credit Facility”), with a maximum aggregate credit amount of $150 million
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