Battalion Oil amends credit agreement; current ratio covenant relaxed to 0.90:1.00 for Q3 2024

BATTALION OIL CORP

Fourth Amendment allows current ratio of 0.90:1.00 for quarter ending September 30, 2024 (previously 1.00:1.00).
Amendment executed with Macquarie Bank as agent and lenders including Ares Capital, Fortress funds.
Company notes proposed transaction (merger/going-private) with Parent; proxy statement and Schedule 13e-3 to be filed.
All other covenants and terms of the credit agreement remain unchanged.

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