---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-027850"
form_type: "8-K"
ticker: "EGY"
cik: "0000894627"
company_name: "VAALCO ENERGY INC /DE/"
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:43:46.974124+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "medium"
source: SEC EDGAR
---

# VAALCO amends credit facility to replace LIBOR with SOFR interest benchmark

## Summary
- Entered amended facility agreement on Oct 3, 2023, replacing LIBOR with SOFR due to LIBOR discontinuation.
- Also amends the required delivery time for the Borrower's annual financial statements.
- No changes to borrowing capacity, covenants, or events of default disclosed; terms remain customary.
- Credit Facility amends and restates the Initial Credit Facility dated May 16, 2022.

## SEC filing metadata
- accession: 0001437749-23-027850
- form_type: 8-K
- ticker: EGY
- cik: 0000894627
- company_name: VAALCO ENERGY INC /DE/
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: medium
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894627/000143774923027850/0001437749-23-027850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894627/000143774923027850/egy20231004_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-027850
- JSON: https://secwatch.observer/filing/0001437749-23-027850.json
- Plain text: https://secwatch.observer/filing/0001437749-23-027850.txt

## Key facts
- Material Agreements
  VAALCO ENERGY INC /DE/ amended Credit Facility with Glencore Energy UK Ltd., as mandated lead arranger, technical bank and facility agent, the Law Debenture Trust Corporation P.L.C., as security agent, and the other financial institutions named therein (effective 2023-10-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Glencore Energy UK Ltd., as mandated lead arranger, technical bank and facility agent, the Law Debenture Trust Corporation P.L.C., as security agent, and the other financial institutions named therein
  - Effective: 2023-10-03
  source text: On October 3, 2023, VAALCO Gabon (Etame), Inc. (the "Borrower"), a wholly owned subsidiary of VAALCO Energy, Inc. (the "Company"), entered into an amended and restated facility agreement (the "Credit Facility") that amends and restates the Facility Agreement dated May 16, 2022 (the "Initial Credit Facility"), by and among the Company, VAALCO Gabon, SA, Glencore Energy UK Ltd., as mandated lead arranger, technical bank and facility agent, the Law Debenture Trust Corporation P.L.C., as security agent, and the other financial institutions named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894627/000143774923027850/0001437749-23-027850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.