Coterra Energy Inc. Files 8-K for Material Definitive Agreement

TL;DR

COTERRA just filed an 8-K for a new material definitive agreement. Big moves ahead?

AI Summary

On March 13, 2024, Coterra Energy Inc. entered into a material definitive agreement related to its financial obligations. The company, formerly known as Cabot Oil & Gas Corp, filed this 8-K report to disclose this event.

Why It Matters

This filing indicates a significant new agreement for Coterra Energy, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• Coterra Energy Inc. (company) — Registrant
• Cabot Oil & Gas Corp (company) — Former company name
• March 13, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.10 — ch registered Common Stock, par value $0.10 per share CTRA New York Stock Exchang
• $500,000,000 — announced registered public offering of $500,000,000 aggregate principal amount of its 5.60%

Filing Documents

• tm248728d1_8k.htm (8-K) — 30KB
• tm248728d1_ex4-2.htm (EX-4.2) — 274KB
• tm248728d1_ex5-1.htm (EX-5.1) — 13KB
• tm248728d1_ex5-1img001.jpg (GRAPHIC) — 4KB
• tm248728d1_ex5-1img002.jpg (GRAPHIC) — 2KB
• 0001104659-24-033920.txt ( ) — 554KB
• ctra-20240313.xsd (EX-101.SCH) — 3KB
• ctra-20240313_lab.xml (EX-101.LAB) — 33KB
• ctra-20240313_pre.xml (EX-101.PRE) — 22KB
• tm248728d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Coterra Energy Inc. (the "Company") closed its previously announced registered public offering of $500,000,000 aggregate principal amount of its 5.60% senior notes due 2034 (the "Notes") on March 13, 2024. The Notes will mature on March 15, 2034. The Notes were issued pursuant to an indenture, dated as of October 7, 2021 (the "Base Indenture"), by and between the Company, as issuer, and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (the "Trustee"), as supplemented and amended by a second supplemental indenture, dated as of March 13, 2024 (the "Second Supplemental Indenture"), by and between the Company and the Trustee. The Notes are the Company's senior unsecured obligations and rank senior in right of payment to all of the Company's future indebtedness that is expressly subordinated in right of payment to the Notes and equally in right of payment with all of the Company's existing and future senior indebtedness that is not subordinated. The Notes are structurally subordinated to all indebtedness of the Company's subsidiaries and effectively subordinated to any of the Company's future secured indebtedness to the extent of the value of the collateral securing such indebtedness. The foregoing summary is not complete and is qualified in its entirety by reference to the full text of (i) the Base Indenture attached as Exhibit 4.1 hereto, (ii) the Second Supplemental Indenture attached as Exhibit 4.2 hereto, and (iii) the form of the Notes attached as Exhibit 4.3 hereto, the terms of which are, in each case, incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 4.1 Indenture, dated as of October 7, 2021, by and between Coterra Energy Inc. and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 7, 2021) . 4.2 Second Supplemental Indenture, dated as of March 13, 2024, by and between Coterra Energy Inc. and U.S. Bank Trust Company, National Association, as trustee. 4.3 Form of 5.60% Senior Notes due 2034 (included in Exhibit 4.2). 5.1 Opinion of Baker Botts L.L.P. 23.1 Consent of Baker Botts L.L.P. (included in Exhibit 5.1). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COTERRA ENERGY INC. By: /s/ TODD M. ROEMER Todd M. Roemer Vice President and Chief Accounting Officer Date: March 13, 2024

View Full Filing

View this 8-K filing on SEC EDGAR