PrimeEnergy Resources Corp Files 8-K for Material Agreement

TL;DR

PRIMEENERGY RESOURCES CORP just filed an 8-K for a material definitive agreement. Big news incoming.

AI Summary

PrimeEnergy Resources Corporation entered into a Material Definitive Agreement on July 29, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and headquartered in Houston, Texas.

Why It Matters

This 8-K filing indicates a significant new agreement for PrimeEnergy Resources Corp, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood by the market.

Key Players & Entities

• PrimeEnergy Resources Corporation (company) — Registrant
• July 29, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Houston, Texas (location) — Principal executive offices
• 713 - 735-0000 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.10 — on which registered Common Stock , $0.10 par value PNRG NASDAQ Check the a
• $85,000,000 — .A., increasing the borrowing base from $85,000,000 to $115,000,000. As of today, the Compa
• $115,000,000 — the borrowing base from $85,000,000 to $115,000,000. As of today, the Company currently has
• $8,000,000 — As of today, the Company currently has $8,000,000 outstanding borrowings under the facili

Filing Documents

• pnrg20240801_8k.htm (8-K) — 24KB
• ex_706865.htm (EX-10.2263) — 112KB
• 0001437749-24-024235.txt ( ) — 278KB
• pnrg-20240729.xsd (EX-101.SCH) — 3KB
• pnrg-20240729_def.xml (EX-101.DEF) — 11KB
• pnrg-20240729_lab.xml (EX-101.LAB) — 15KB
• pnrg-20240729_pre.xml (EX-101.PRE) — 11KB
• pnrg20240801_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On July 29, 2024, PrimeEnergy Resources Corporation, (The Company), amended its loan agreement with Citibank, N.A., increasing the borrowing base from $85,000,000 to $115,000,000. As of today, the Company currently has $8,000,000 outstanding borrowings under the facility, however, the Company does plan to draw down part of the loan and use its cash flow to fund its drilling budget for 2024. The loan amendment also includes the addition of U.S. Bank National Association as a lender and the cover page of the Credit Agreement is hereby amended by amending the phrase "Citibank, N.A. Sole Lead Arranger and Sole Book Runner" to read as follows: CITIBANK Joint Lead Arranger and Sole Book Runner FIFTH THIRD BANK, NATIONAL ASSOCIATION , Joint Lead Arranger and Syndication Agent

01 Exhibits and Financial Statements Schedule

Item 9.01 Exhibits and Financial Statements Schedule Exhibit No. Description 10.22.6.3 THIRD AMENDMENT TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of July 29, 2024, among PRIMEENERGY RESOURCES CORPORATION, a Delaware corporation (the "Borrower"), CITIBANK, N.A., as administrative agent (in such capacity, the "Administrative Agent"), each Guarantor party hereto, the Existing Lenders and the New Lender, filed herewith.. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned, thereto duly authorized. Dated: August 1, 2024 PrimeEnergy Resources Corporation By: /s/ Beverly A. Cummings Name: Beverly A. Cummings Executive Vice President

View Full Filing

View this 8-K filing on SEC EDGAR