Vitesse Energy Files 8-K

TL;DR

Vitesse Energy filed a standard 8-K, no major news.

AI Summary

Vitesse Energy, Inc. filed an 8-K on December 16, 2024, to report on Regulation FD disclosures and financial statements/exhibits. The filing does not contain specific financial figures or material events beyond the standard reporting requirements.

Why It Matters

This filing serves as a routine update for Vitesse Energy, Inc., indicating compliance with SEC reporting requirements without disclosing new material information.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report and does not contain any new material information that would impact the company's risk profile.

Key Players & Entities

• Vitesse Energy, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• Greenwood Village, Colorado (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share VTS New York Stock Exchange
• $245 million — i) the borrowing base was reaffirmed at $245 million (iii) the elected commitment amount was
• $235 million — ount was decreased from $245 million to $235 million and (iv) the definition of the term "Ap

Filing Documents

• vitesse-20241216.htm (8-K) — 38KB
• luceropressrelease12-16x24.htm (EX-99.1) — 48KB
• invpresdec162024.htm (EX-99.2) — 17KB
• invpresdec162024001.jpg (GRAPHIC) — 40KB
• invpresdec162024002.jpg (GRAPHIC) — 188KB
• invpresdec162024003.jpg (GRAPHIC) — 248KB
• invpresdec162024004.jpg (GRAPHIC) — 126KB
• invpresdec162024005.jpg (GRAPHIC) — 129KB
• 0001944558-24-000109.txt ( ) — 1264KB
• vitesse-20241216.xsd (EX-101.SCH) — 2KB
• vitesse-20241216_lab.xml (EX-101.LAB) — 23KB
• vitesse-20241216_pre.xml (EX-101.PRE) — 13KB
• vitesse-20241216_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On October 22, 2024, Vitesse Energy, Inc. (the "Company") entered into an amendment (the "Credit Agreement Amendment") to its Second Amended and Restated Credit Agreement, as amended from time to time, among the Company, as borrower, Wells Fargo Bank, N.A., as administrative agent, and the lenders party thereto, dated as of January 13, 2023. Pursuant to the Credit Agreement Amendment, the Company's semi-annual borrowing base redetermination was completed and, among other things: (i) the maturity date was extended to a date that is four years following the effective date of the Credit Agreement Amendment, (ii) the borrowing base was reaffirmed at $245 million (iii) the elected commitment amount was decreased from $245 million to $235 million and (iv) the definition of the term "Applicable Margin" was amended to reduce the rates in the Utilization Grid for SOFR Loans and ABR Loans (as each of those terms is defined in the Credit Agreement) by 0.25%. The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which will be attached as an exhibit to the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2024. On December 16, 2024, Vitesse Energy, Inc., a Delaware corporation ("Vitesse"), and Lucero Energy Corp., a corporation organized and existing under the laws of the Province of Alberta, Canada ("Lucero"), announced that they have entered into a definitive agreement under which Vitesse will acquire Lucero in an all-stock transaction. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. In addition, on December 16, 2024, Vitesse released an investor presentation. A copy of the investor presentation is attached hereto as Exhibit 99.2 and incorporated herein by reference. The information in this Item 7.01, including the

Forward-Looking Statements

Forward-Looking Statements Certain statements in this report are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements concerning the proposed transaction, including any statements regarding the expected timetable for completing the transaction, the results, effects, benefits and synergies of the transaction, future opportunities for Vitesse, future financial performance and condition, guidance and any other statements regarding Vitesse's or Lucero's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts. Forward-looking statements can be identified by words such as "anticipate," "believe," "expect," "if," "intend," "estimate," "probable," "project," "forecast," "predict," "outlook," "aim," "will," "could," "should," "would," "potential," "may," "might," "likely" "plan," "positioned," "strategy," and similar words and expressions. Forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including, but not limited to, the possibility that stockholders of Vitesse may not approve the issuance of new shares of Vitesse common stock in the transaction or that shareholders of Lucero may not approve the transaction; the risk that a condition to closing of the transaction may not be satisfied; that either party may terminate the arrangement agreement or that the closing of the transaction might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships of Vitesse or Lucero, including those resulting from the announcement or completion of the transaction; the diversion of management time on transaction-related issues; the ultimate timing, outcome and results of integrating the operations of Vitesse and Lucero; the effects of the transaction,

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibit Number Description 99.1 Joint Press Release December 16, 2024 99.2 Investor Presentation, released December 16, 2024 101 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. Date: December 16, 2024 VITESSE ENERGY, INC. /s/ James P. Henderson James P. Henderson Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR