Battalion Oil Corp. Enters Material Definitive Agreement
Ticker: BATL · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1282648
| Field | Detail |
|---|---|
| Company | Battalion Oil CORP (BATL) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 B, $63.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-actions
TL;DR
Battalion Oil Corp. signed a big deal on Jan 9th, filing it with the SEC.
AI Summary
On January 9, 2025, Battalion Oil Corp. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing indicates a significant new agreement for Battalion Oil Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities that may affect the company's financial health and stock performance.
Key Players & Entities
- Battalion Oil Corp. (company) — Registrant
- January 9, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- December 31 (date) — Fiscal year end
- Halcon Resources Corp (company) — Former company name
- Ram Energy Resources Inc (company) — Former company name
- Tremisis Energy Acquisition Corp (company) — Former company name
FAQ
What type of material definitive agreement did Battalion Oil Corp. enter into?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on January 9, 2025.
What is the primary business of Battalion Oil Corp. according to the SIC code?
Battalion Oil Corp.'s Standard Industrial Classification (SIC) code is 1311, which corresponds to Crude Petroleum & Natural Gas.
When is Battalion Oil Corp.'s fiscal year-end?
Battalion Oil Corp.'s fiscal year ends on December 31.
What are some of the former names of Battalion Oil Corp. mentioned in the filing?
The filing mentions former names including Halcon Resources Corp, Ram Energy Resources Inc, and Tremisis Energy Acquisition Corp.
What is the SEC file number for Battalion Oil Corp.?
The SEC file number for Battalion Oil Corp. is 001-35467.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 13 · Accepted 2025-01-10 06:59:27
Key Financial Figures
- $0.0001 B — ich registered Common Stock par value $0.0001 BATL NYSE American Indicate by check
- $63.0 million — ns in the aggregate principal amount of $63.0 million (the " Incremental Term Loans "). After
Filing Documents
- batl-20250109x8k.htm (8-K) — 39KB
- batl-20250109xex10d1.htm (EX-10.1) — 164KB
- 0001558370-25-000091.txt ( ) — 343KB
- batl-20250109.xsd (EX-101.SCH) — 4KB
- batl-20250109_def.xml (EX-101.DEF) — 3KB
- batl-20250109_lab.xml (EX-101.LAB) — 17KB
- batl-20250109_pre.xml (EX-101.PRE) — 11KB
- batl-20250109x8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry Into Material Definitive Agreement. On January 9, 2025, Halcn Holdings, LLC (the " Borrower "), a wholly owned subsidiary of Battalion Oil Corporation (the " Company "), entered into a first amendment (the " First Amendment ") to its Second Amended and Restated Senior Secured Credit Agreement (the " Credit Agreement " and as amended by the First Amendment, the " Amended Credit Agreement "), dated as of December 26, 2024 (the " Original Closing Date "), with the Company, the subsidiary guarantors party thereto, the financial institutions party thereto as lenders and Fortress Credit Corp., as administrative agent. Pursuant to the First Amendment, the Borrower incurred incremental term loans in the aggregate principal amount of $63.0 million (the " Incremental Term Loans "). After giving effect to the First Amendment, the Incremental Term Loans 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) months (with a credit spread adjustment of 0.15% per annum) (or another applicable reference rate, as determined pursuant to the terms of the Amended Credit Agreement), plus an applicable margin of 7.75%. Except as otherwise provided in the First Amendment and the Amended Credit Agreement, the terms applicable to the Incremental Term Loans, including the maturity applicable thereto, are the same as those applicable to the initial term loan facility funded on the Original Closing Date. Other than the foregoing, all other material provisions of the Credit Agreement remain materially unchanged. The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the First Amendment, a copy of which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
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 First Amendment to Second Amended and Restated Senior Secured Credit Agreement dated as of January 9, 2025, 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). 2 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 January 10, 2025 By: /s/ Matthew B. Steele Name: Matthew B. Steele Title: Chief Executive Officer 3