Battalion Oil subsidiary adds $63M term loan at SOFR+7.90% via credit amendment

BATTALION OIL CORP

Halcón Holdings, wholly owned subsidiary of Battalion Oil, entered a first amendment to its credit agreement on Jan 9, 2025, incurring $63M of incremental term loans.
Interest rate on the incremental term loans is based on 3-month SOFR plus a 0.15% credit spread adjustment plus a margin of 7.75% (effective spread of 7.90%).
Maturity and other terms of the incremental term loans are identical to those of the initial term loan funded on December 26, 2024.
Incremental lenders include Nonghyup Bank ($60M) and Fortress Credit affiliates ($3M); existing lenders also consented to the amendment.
No default or event of default occurred; the company reaffirmed its obligations under the loan documents.

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