secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001558370-24-016480
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Battalion Oil enters $162M amended senior secured credit facility with Fortress Credit Corp.
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- Initial term loan of $162M funded on Dec 26, 2024, replacing existing credit agreement with Macquarie Bank.
- Up to $63M incremental term loan available from Jan 3 to Jan 11, 2025, subject to conditions.
- Maturity Dec 26, 2028; interest rate 3-month SOFR plus 7.75% margin.
- Financial covenants include Asset Coverage Ratio ≥1.70x, Total Net Leverage Ratio ≤2.75x initially.
- Prepayment premiums: make-whole in first 12 months, 2% months 13-30, 0% thereafter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024016480/0001558370-24-016480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837024016480/batl-20241226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-016480

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