secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001558370-24-012514
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024012514/0001558370-24-012514-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024012514/batl-20240823x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-012514

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