Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
US ENERGY CORP amended revolving credit of Borrowing base increased from $10,000,000 to $20,000,000; currently $2,500,000 outstanding with Firstbank Southwest as administrative agent and the Lenders at Alternate base rate (ABR) plus applicable margin of 2.00% per annum; additional maturing May 31, 2029.
- Instrument
- revolving credit
- Principal
- Borrowing base increased from $10,000,000 to $20,000,000; currently $2,500,000 outstanding
- Counterparty
- Firstbank Southwest as administrative agent and the Lenders
- Rate
- Alternate base rate (ABR) plus applicable margin of 2.00% per annum; additional
- Maturity
- May 31, 2029
- Event
- amendment
Exact text from the filing
On April 17, 2026, the Company entered into a Second Amendment to Credit Agreement with Firstbank, as administrative agent for the Lenders, and the Lenders (the “Second Amendment”). Pursuant to the Second Amendment, the Credit Agreement was amended to: (a) Increase the borrowing base under the Credit Agreement from $10,000,000 to $20,000,000; (b) Amend the applicable margin used to calculate the interest rate on outstanding borrowings under the Credit Agreement to a fixed 2.00% per annum (as further described below); (c) Suspend testing of the financial covenants under the Credit Agreement until the fiscal quarter ending March 31, 2027; and (d) Make certain other changes to the Credit Agreement as described in greater detail in the Second Amendment.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
US ENERGY CORP amended Second Amendment with Firstbank Southwest valued at increase the borrowing base ... from $10,000,000 to $20,000,000 (effective 2026-04-17).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Firstbank Southwest
- Value
- increase the borrowing base ... from $10,000,000 to $20,000,000
- Effective
- 2026-04-17
Exact text from the filing
On April 17, 2026, the Company entered into a Second Amendment to Credit Agreement with Firstbank, as administrative agent for the Lenders, and the Lenders (the “Second Amendment”).
View on SEC.gov