Encana Corporation (TSE:ECA) Files An 8-K Entry into a Material Definitive Agreement

Encana Corporation (TSE:ECA) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01

On May 6, 2019, Encana Corporation (“Encana”) entered into a Second Amending Agreement, dated as of May 6, 2019, to its Restated Credit Agreement, dated as of July 16, 2015 (“Second Amending Agreement”), among Encana as borrower, the financial institutions party thereto as lenders and Royal Bank of Canada as agent, to, among other things, amend the calculation of the applicable pricing margin, include certain rating agencies and update certain provisions relating to the potential discontinuation of LIBOR. The size and maturity date of the revolving credit facility was not amended.

The foregoing description of the Second Amending Agreement do not purport to be complete and are qualified in their entirety by reference to the Second Amending Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.

(d) Exhibits

Exhibit 10.1    Second Amending Agreement dated as of May 6, 2019, among Encana Corporation as borrower, the financial institutions party thereto as lenders and Royal Bank of Canada as agent.

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ENCANA CORP Exhibit
EX-10.1 2 d706948dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 SECOND AMENDING AGREEMENT THIS AMENDING AGREEMENT dated as of May 6,…
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About Encana Corporation (TSE:ECA)

Encana Corp is a Canada-based energy producer, which is engaged in the business of exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America. The Company operates through three segments: Canadian Operations, USA Operations and Market optimization. The Company’s Canadian Operations segment includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada. USA Operations include the exploration for, development of, and production of natural gas, oil and NGLs, and other related activities within the United States. Market Optimization segment is responsible for the sale of the Company’s production and managing the associated netback price. Market Optimization sells the Company’s upstream production to third-party customers.

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