secwatch.observer — SEC 8-K summary
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Issuer:     BATTALION OIL CORP (BATL)
CIK:        0001282648
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001558370-25-000091
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282648/000155837025000091/0001558370-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282648/000155837025000091/batl-20250109x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000091

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