Devon Energy Enters Material Definitive Agreement
Ticker: DVN · Form: 8-K · Filed: Aug 12, 2024 · CIK: 1090012
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: DVN
TL;DR
Devon Energy just signed a big deal, could be a game-changer.
AI Summary
On August 12, 2024, Devon Energy Corp. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and financial obligations are provided within the filing.
Why It Matters
This filing signals a significant new contract or financial commitment for Devon Energy, which could impact its future operations and financial standing.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks and opportunities that require careful evaluation.
Key Players & Entities
- Devon Energy Corp. (company) — Registrant
- August 12, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Devon Energy enter into?
The filing indicates the entry into a material definitive agreement but does not specify the exact nature of the agreement in the provided text.
What is the nature of the financial obligation created by Devon Energy?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 12, 2024.
What is Devon Energy's state of incorporation?
Devon Energy Corporation is incorporated in Delaware.
What is Devon Energy's principal executive office address?
The principal executive offices are located at 333 W. SHERIDAN AVE., OKLAHOMA CITY, OKLAHOMA 73102-5015.
Filing Stats: 971 words · 4 min read · ~3 pages · Grade level 12.7 · Accepted 2024-08-12 16:15:53
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share DVN The New York Stock Ex
- $2,000,000,000 — egate principal amount not in excess of $2,000,000,000, including (x) a 364-day delayed draw t
- $500,000,000 — egate principal amount not in excess of $500,000,000 and (y) a two-year delayed draw term lo
- $1,500,000,000 — egate principal amount not in excess of $1,500,000,000. The delayed draw term loans may be bor
Filing Documents
- d746922d8k.htm (8-K) — 28KB
- d746922dex101.htm (EX-10.1) — 801KB
- 0001193125-24-198887.txt ( ) — 1110KB
- dvn-20240812.xsd (EX-101.SCH) — 3KB
- dvn-20240812_lab.xml (EX-101.LAB) — 17KB
- dvn-20240812_pre.xml (EX-101.PRE) — 11KB
- d746922d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description Exhibit 10.1* Delayed Draw Term Loan Credit Agreement, dated August 12, 2024, by and among Devon Energy Corporation, each lender from time to time party thereto, and Bank of America, N.A., as Administrative Agent. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain annexes, schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The registrant undertakes to furnish supplemental copies of any of the omitted annexes, schedules and exhibits to the U.S. Securities and Exchange Commission upon its request.
SIGNATURES
SIGNATURES 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. DEVON ENERGY CORPORATION By: /s/ Jeffrey L. Ritenour Jeffrey L. Ritenour Executive Vice President and Chief Financial Officer Date: August 12, 2024