---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-022258"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2024-07-08T23:59:59+00:00"
generated_at: "2026-05-31T23:13:41.630484+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin subsidiaries obtain waiver of covenant violations for 2021-2023 from lender and USDA

## Summary
- Veritex Community Bank waived all covenant violations under subsidiary loan agreements for 2021-2023.
- USDA approved Veritex's letter request for the same waiver period.
- Lazarus Energy loan: $25M original principal; Lazarus Refining & Marketing loan: $10M.
- Both loans are guaranteed by USDA's Rural Development Business & Industry loan program.
- Announcement made on July 8, 2024, resolving past compliance issues.

## SEC filing metadata
- accession: 0001437749-24-022258
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2024-07-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000143774924022258/0001437749-24-022258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000143774924022258/bdco20240705_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-022258
- JSON: https://secwatch.observer/filing/0001437749-24-022258.json
- Plain text: https://secwatch.observer/filing/0001437749-24-022258.txt

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