Eclipse Resources Corporation (NYSE:ECR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
On August1, 2017, Eclipse Resources Corporation (the “Company”) entered into the Fourth Amendment to Second Amended and Restated Credit Agreement (the “Amendment”), by and among the Company, as borrower, Bank of Montreal, as administrative agent (the “Administrative Agent”), and each of the lenders party thereto.
The Amendment amends the Second Amended and Restated Credit Agreement, dated as of June11, 2015, as amended (the “Credit Agreement”), by and among the Company, the Administrative Agent and each of the lenders party thereto, to, among other things, increase the borrowing base thereunder to $225million.
The description of the Amendment set forth above does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
| Item 1.01 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01 of this Current Report on Form 8-K.
| Item 1.01 | Financial Statements and Exhibits. |
(d) Exhibits
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Exhibit Number |
Description |
| 10.1 | Fourth Amendment to Second Amended and Restated Credit Agreement, dated as of August1, 2017, by and among Eclipse Resources Corporation, as borrower, Bank of Montreal, as administrative agent, and each of the lenders party thereto. |
Eclipse Resources Corp ExhibitEX-10.1 2 d437718dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Execution Version FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of August 1,…To view the full exhibit click here
About Eclipse Resources Corporation (NYSE:ECR)
Eclipse Resources Corporation (Eclipse) is an independent exploration and production company. The Company is engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. The Company has assembled an acreage position approximating 221,700 net acres in Eastern Ohio. The Company is the operator of the Utica Core Area and its Marcellus Project Area. The Company has identified approximately 2,450 gross (594 net) remaining horizontal drilling locations across its acreage, which consist of approximately 450 locations within the Utica Core Area and over 140 locations within its Marcellus Project Area. The Company’s Utica Shale is an unconventional reservoir comprising organic-rich black shale, with production occurring at vertical depths between 6,000 and 10,000 feet. The Marcellus Shale consists of organic-rich black shale, with production occurring at vertical depths between 5,000 and 8,000 feet.
