RESOLUTE ENERGY CORPORATION (NYSE:REN) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01Entry into a Material Definitive Agreement

New Revolving Credit Facility

On February 17, 2017, Resolute Energy Corporation (the Company)
entered into the Third Amended and Restated Credit Agreement with
a syndicate of banks led by Bank of Montreal, as Administrative
Agent, Capital One, National Association, as syndication agent,
and Barclays Bank PLC, ING Capital LLC and SunTrust Bank, as
co-documentation agents (the Revolving Credit Facility).In
connection with entering into the Revolving Credit Facility, the
Company repaid all amounts outstanding under the Second Amended
and Restated Credit Agreement, dated as of April 15, 2015, by and
among Resolute Energy Corporation, as Borrower, certain
subsidiaries of Resolute Energy Corporation, as Guarantors, Wells
Fargo Bank, National Association, as administrative agent (the
Administrative Agent), and the lenders party thereto, as amended,
and terminated that agreement.

The Revolving Credit Facility is guaranteed by all of our
subsidiaries and is collateralized by substantially all of the
assets of the Companys Aneth Field and Delaware Basin assets held
by Resolute Aneth, LLC and Resolute Natural Resources Southwest,
LLC, which are wholly-owned subsidiaries of the Company.

The Revolving Credit Facility specifies a maximum borrowing base
as determined by the lenders in their sole discretion, which has
initially been set at $150 million. The borrowing base is
re-determined semi-annually, and the amount available for
borrowing under the Revolving Credit Facility could be increased
or decreased as a result of such redeterminations. Under certain
circumstances, either the Company or the lenders may request an
interim redetermination of the borrowing base. The Revolving
Credit Facility matures in February 2021, unless there is an
earlier maturity of material Company indebtedness.

Each borrowing under the Revolving Credit Facility accrues
interest at either (a) the London Interbank Offered Rate (LIBOR),
plus a margin that ranges from 3.0% to 4.0% or (b) the Alternate
Base Rate defined as the greater of (i) the Administrative Agents
Prime Rate (ii) the Federal Funds Effective Rate plus 0.5% or
(iii) an adjusted LIBOR, plus a margin for the Alternate Base
Rate that ranges from 2.0% to 3.0%.Each such margin is based on
the level of utilization under the borrowing base.

The Revolving Credit Facility includes covenants that require,
among other things, that Resolute maintains a ratio of current
assets to current liabilities of no less than 1.0 to 1.0 and a
ratio of funded debt to EBITDA of no more than 4.0 to 1.0.The
Revolving Credit Facility prohibits us from entering into
derivative arrangements for more than (i) 85% of our anticipated
production from proved properties in the next two years and (ii)
the greater of 75% of our anticipated production from proved
properties or 85% of our production from projected proved
developed producing properties after such two year period (not to
exceed a term of 60 months for any such derivative
arrangement).The Revolving Credit Facility also includes
customary additional terms and covenants that place limitations
on certain types of activities, the payment of dividends, and
that require satisfaction of certain financial tests.

The foregoing summary of the Revolving Credit Facility is
qualified in its entirety by reference to the copy of the Third
Amended and Restated Credit Agreement attached hereto as Exhibit
10.1 and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

The disclosure contained in Item 1.01 above is incorporated in
this Item 2.03 by reference.

Item 9.01Financial Statements and Exhibits.

(d)Exhibits

About RESOLUTE ENERGY CORPORATION (NYSE:REN)

Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. Its properties are Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field), and the Permian Basin in Texas and southeast New Mexico (the Permian Properties or Permian Basin Properties). It has an interest in gas gathering and compression facilities located within and adjacent to its Aneth Field Properties. Aneth Field is an oil field in southeast Utah, which produces approximately 6,290 equivalent barrels of oil per day. It owns working interests in the Aneth Unit, the McElmo Creek Unit and the Ratherford Unit. The Company has interests in approximately 27,750 gross (17,570 net) acres in the Permian Basin of Texas and southeast New Mexico. It covers over two project areas, including the Delaware Basin project area and the Northwest Shelf project area.

RESOLUTE ENERGY CORPORATION (NYSE:REN) Recent Trading Information

RESOLUTE ENERGY CORPORATION (NYSE:REN) closed its last trading session down -0.57 at 44.53 with 520,250 shares trading hands.