Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.4
BATTALION OIL CORP: Filing reports the creation of Series A-3 Preferred Stock via a Certificate of Designations, which is described as an amendment to the articles of incorporation but the description is incorporated by reference and no substantive details of the change are provided in the excerpt.
- Change
- charter amendment
Exact text from the filing
A summary of the rights, preferences and privileges of the Series A-3 Preferred Stock and other material terms and conditions of the Certificate of Designations is set forth in Item 1.01 of this Current Report on Form 8-K and is incorporated by reference into this Item 5.03.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BATTALION OIL CORP entered into Third Amendment to Credit Agreement with Macquarie Bank Limited valued at Amendment to Credit Agreement; no additional debt or proceeds; required $38 million Specified Additi (effective 2024-03-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Macquarie Bank Limited
- Value
- Amendment to Credit Agreement; no additional debt or proceeds; required $38 million Specified Additi
- Effective
- 2024-03-28
Exact text from the filing
On March 28, 2024 (the “ Amendment Effective Date ”), Battalion Oil Corporation, a Delaware corporation (the “ Company ” or “ we ”), and its wholly owned subsidiary, Halcón Holdings, LLC (the “ Borrower ”) entered into a Third Amendment (the “ Third Amendment ”) to its Amended and Restated Senior Secured Credit Agreement dated as of November 24, 2021(as the same has been amended, restated, amended and restated, supplemented and modified from time to time prior to the date hereof, the “ Credit Agreement ”), by and among, inter alios , the Company, the Borrower, Macquarie Bank Limited, as administrative agent and certain other financial institutions party thereto, as lenders.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BATTALION OIL CORP entered into Series A-3 Purchase Agreement with Luminus Management LLC, Oaktree Capital Management LP, LSP Investment Advisors LLC valued at 20,000 shares of Series A-3 Redeemable Convertible Preferred Stock sold for aggregate purchase price (effective 2024-03-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Luminus Management LLC, Oaktree Capital Management LP, LSP Investment Advisors LLC
- Value
- 20,000 shares of Series A-3 Redeemable Convertible Preferred Stock sold for aggregate purchase price
- Effective
- 2024-03-27
Exact text from the filing
On March 27, 2024, the Company entered into a Purchase Agreement (the “ Series A-3 Purchase Agreement ”) with each of the purchasers set forth on Schedule A thereto (the “ Series A-3 Purchasers ”), pursuant to which the Company agreed to sell to the Buyers, in a private placement, an aggregate of 20,000 shares of Series A-3 Redeemable Convertible Preferred Stock, par value $0.0001 per share (the “ Series A-3 Preferred Stock ” and the purchase and sale of such shares of Series A-3 Preferred Stock , the “ Series A-3 Preferred Stock Transaction ”).
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