GULFPORT ENERGY CORPORATION (NASDAQ:GPOR) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
As of March29, 2017, Gulfport Energy Corporation (Gulfport), as
borrower, entered into an eighth amendment to its Amended and
Restated Credit Agreement, dated as of December27, 2013, as
amended (the Credit Agreement), with The Bank of Nova Scotia, as
administrative agent and L/C issuer, and the lenders party
thereto (the Eighth Amendment). The Eighth Amendment amended the
definition of the term EBITDAX, as used in the Credit Agreement,
to permit pro forma treatment of acquisitions that involve the
payment of consideration by Gulfport and its subsidiaries in
excess of $50.0million and of dispositions of property or series
of related dispositions of properties that yields gross proceeds
to Gulfport or any of its subsidiaries in excess of $50.0million.
The preceding summary of the Eighth Amendment is qualified in its
entirety by reference to the full text of the Eighth Amendment, a
copy of which is attached as Exhibit 10.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Item2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The information set forth in Item 1.01 above is incorporated
herein by reference.
| Item9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
|
Number |
Exhibit |
|
| 10.1 |
Eighth Amendment to Amended and Restated Credit Agreement, entered into as of March29, 2017, among Gulfport Energy Corporation, as borrower, The Bank of Nova Scotia, as administrative agent and L/C issuer, and the lenders party thereto. |
About GULFPORT ENERGY CORPORATION (NASDAQ:GPOR)
Gulfport Energy Corporation (Gulfport) is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil in the United States. The Company has an oil and natural gas portfolio of proved reserves, as well as development and exploratory drilling opportunities on conventional and unconventional oil and natural gas prospects. The Company’s principal properties are located in the Utica Shale primarily in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB), and Hackberry fields. In addition, the Company has interest in producing properties in the Niobrara Formation of Northwestern Colorado and the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC (Grizzly), and interests in an entity that operates in the Phu Horm gas field in Thailand. GULFPORT ENERGY CORPORATION (NASDAQ:GPOR) Recent Trading Information
GULFPORT ENERGY CORPORATION (NASDAQ:GPOR) closed its last trading session up +0.31 at 17.55 with 4,603,234 shares trading hands.
