Battalion Oil Corp. Files 8-K: Material Definitive Agreement
Ticker: BATL · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1282648
Sentiment: neutral
Topics: material-definitive-agreement, filing
TL;DR
Battalion Oil Corp. signed a big deal, filing an 8-K with the SEC.
AI Summary
On December 26, 2024, Battalion Oil Corp. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Battalion Oil Corp. is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant new agreement for Battalion Oil Corp., which could impact its operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- Battalion Oil Corp. (company) — Registrant
- December 26, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 1231 (date) — Fiscal year end
FAQ
What is the nature of the material definitive agreement entered into by Battalion Oil Corp. on December 26, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the summary text.
What is the primary business of Battalion Oil Corp.?
Battalion Oil Corp. is involved in Crude Petroleum & Natural Gas, as indicated by its Standard Industrial Classification code [1311].
When does Battalion Oil Corp.'s fiscal year end?
Battalion Oil Corp.'s fiscal year ends on December 31.
What is the SEC file number for Battalion Oil Corp.?
The SEC file number for Battalion Oil Corp. is 001-35467.
What are the previous names of Battalion Oil Corp.?
Battalion Oil Corp. was formerly known as Halcon Resources Corp., Ram Energy Resources Inc., and Tremisis Energy Acquisition Corp.
Filing Stats: 1,592 words · 6 min read · ~5 pages · Grade level 16.3 · Accepted 2024-12-27 08:38:33
Key Financial Figures
- $0.0001 B — ich registered Common Stock par value $0.0001 BATL NYSE American Indicate by check
- $162.0 m — ty in the aggregate principal amount of $162.0 million, funded on the Closing Date and (
- $63.0 million — the aggregate principal amount of up to $63.0 million to be made available to the Borrower fr
- $10,000,000 — t) not to fall below the greater of (x) $10,000,000 and (y) the amount equal to the schedul
Filing Documents
- batl-20241226x8k.htm (8-K) — 57KB
- batl-20241226xex10d1.htm (EX-10.1) — 1461KB
- 0001558370-24-016480.txt ( ) — 1897KB
- batl-20241226.xsd (EX-101.SCH) — 4KB
- batl-20241226_def.xml (EX-101.DEF) — 3KB
- batl-20241226_lab.xml (EX-101.LAB) — 17KB
- batl-20241226_pre.xml (EX-101.PRE) — 11KB
- batl-20241226x8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry Into Material Definitive Agreement. On December 26, 2024 (the " Closing Date "), Halcn Holdings, LLC (the " Borrower "), a wholly owned subsidiary of Battalion Oil Corporation (the " Company ") entered into a Second Amended and Restated Senior Secured Credit Agreement (the " Amended and Restated Credit Agreement "), by and among the Company, the Borrower, the subsidiary guarantors party thereto, Fortress Credit Corp., as administrative agent, and certain other financial institutions party thereto, as lenders. The Amended and Restated Credit Agreement amends and restates in its entirety the Company's Amended and Restated Senior Secured Revolving Credit Agreement entered into on November 24, 2021, as amended, by and among the Company, the Borrower, Macquarie Bank Limited, as administrative agent, and the lenders party thereto (the " Existing Credit Agreement "). All obligations under the Existing Credit Agreement were refunded, refinanced and repaid in full by the loans under the Amended and Restated Credit Agreement. Pursuant to the Amended and Restated Credit Agreement, the lenders party thereto have agreed to provide the Borrower with (i) an initial term loan facility in the aggregate principal amount of $162.0 million, funded on the Closing Date and (ii) an incremental term loan facility in the aggregate principal amount of up to $63.0 million to be made available to the Borrower from January 3, 2025 until the date that is the earliest to occur of (x) the date on which such incremental term facility is fully drawn, (y) the date on which such incremental term facility is terminated and (z) January 11, 2025, subject to the satisfaction of certain conditions. The maturity date of the Amended and Restated Credit Agreement is December 26, 2028. Until such maturity date, borrowings under the Amended and Restated Credit Agreement shall bear interest at a rate per annum equal to a forward-looking term rate that is based on SOFR for a tenor of three (3)
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. The following exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No. Description 10.1 Second Amended and Restated Senior Secured Credit Agreement dated as of December 26, 2024, by and among Battalion Oil Corporation, as holdings, Halcn Holdings LLC, as borrower, the subsidiary guarantors party thereto, Fortress Credit Corp., as administrative agent, and the lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BATTALION OIL CORPORATION December 27, 2024 By: /s/ Matthew B. Steele Name: Matthew B. Steele Title: Chief Executive Officer 4