HighPeak Energy prices $225M private placement of 10.625% senior notes due 2024

HighPeak Energy, Inc.

$225M principal amount of 10.625% senior unsecured notes due November 2024.
Proceeds to reduce credit facility debt and for general corporate purposes; closing expected Nov 10, 2022.
Offered to qualified institutional buyers under Rule 144A and outside U.S. under Regulation S.
Also entered Sixth Amendment to Credit Agreement on Oct 31, 2022 to amend terms for the notes.
Sixth amendment extends no-scheduled-payment period to 120 days post-maturity and adds permitted lien basket.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HighPeak Energy, Inc. amended Sixth Amendment to Credit Agreement with Wells Fargo Bank, National Association (effective 2022-10-31).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Effective: 2022-10-31

Exact text from the filing

On October 31, 2022 (the “Sixth Amendment Effective Date”), HighPeak Energy, Inc. (the “Company”), as borrower, Wells Fargo Bank, National Association, as administrative agent, the guarantors party thereto and the lenders party thereto entered into that certain Sixth Amendment to Credit Agreement (the “Credit Agreement Amendment"), which, upon effectiveness, amended that certain Credit Agreement, dated as of December 17, 2020

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HighPeak Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-026040

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