---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006570"
form_type: "8-K"
ticker: "BDCO"
cik: "0000793306"
company_name: "BLUE DOLPHIN ENERGY CO"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:51:44.899286+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blue Dolphin Pipe Line modifies $8.3M note with Lazarus, deferring principal to 2025

## Summary
- BDPL enters Payment Agreement with Lazarus Energy to modify $8,307,555 promissory note.
- Interest-only payments of $0.05M monthly from May 2023 through April 2025; then ~$0.4M P&I through April 2027.
- Interest rate set at 8.00% per year effective May 9, 2023; first $0.05M payment made May 15, 2023.
- Lazarus forbears from remedies on existing defaults if payments current; 30-day cure period after missed payment.
- Missed payment exceeding 13 days automatically voids modified terms, reinstating original note provisions.

## SEC filing metadata
- accession: 0001654954-23-006570
- form_type: 8-K
- ticker: BDCO
- cik: 0000793306
- company_name: BLUE DOLPHIN ENERGY CO
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/793306/000165495423006570/0001654954-23-006570-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/793306/000165495423006570/bdco_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006570
- JSON: https://secwatch.observer/filing/0001654954-23-006570.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006570.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.