Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Energy 11, L.P. amended credit facility of $10 million with BancFirst at decreased from 50 basis points to 25 basis points maturing March 1, 2027.
- Instrument
- credit facility
- Principal
- $10 million
- Counterparty
- BancFirst
- Rate
- decreased from 50 basis points to 25 basis points
- Maturity
- March 1, 2027
- Event
- amendment
Exact text from the filing
The Seventh Amendment renewed and extended the existing credit facility ("BF Credit Facility") for one additional year to March 1, 2027. In addition to the maturity date extension, other key terms of the Seventh Amendment include: • The Partnership elected to voluntarily reduce its borrowing base to $10 million, as of the Effective Date. • The incremental borrowing fee decreased from 50 basis points to 25 basis points.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Energy 11, L.P. amended Seventh Amendment to BF Loan Agreement with BancFirst valued at Borrowing base reduced to $10 million; incremental borrowing fee decreased from 50 to 25 basis point (effective 2026-03-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- BancFirst
- Value
- Borrowing base reduced to $10 million; incremental borrowing fee decreased from 50 to 25 basis point
- Effective
- 2026-03-01
Exact text from the filing
On February 20, 2026, the Partnership and its wholly-owned subsidiary, as borrowers, and BancFirst, as administrative agent and lender (“Lender), entered into an amendment (“Seventh Amendment”) to its loan agreement ("BF Loan Agreement"), with an effective date of March 1, 2026 (the "Effective Date").
View on SEC.gov