secwatch.observer — SEC 8-K summary
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Issuer:     GULFPORT ENERGY CORP (GPOR)
CIK:        0000874499
Form:       8-K
Filed at:   2021-10-14T23:59:59+00:00
Accession:  0001213900-21-052863
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gulfport Energy amends credit facility, boosts liquidity by over $160M, extends maturity to Oct 2025
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- Aggregate lender commitments increased from $580M to $700M; borrowing base remains $850M.
- Maturity extended from May 2024 to October 2025; semiannual redeterminations begin May 1, 2022.
- Pro forma liquidity at Sept 30, 2021: $389M ($4M cash + $385M available borrowing capacity).
- 100 bps LIBOR floor eliminated; pricing grid reduced by 25 bps at each utilization level.
- Permitted to repurchase up to $150M senior notes and make restricted payments under conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874499/000121390021052863/0001213900-21-052863-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874499/000121390021052863/ea148882-8k_gulfport.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-052863

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