RICE ENERGY OPERATING LLC (NYSE:GE) Files An 8-K Entry into a Material Definitive Agreement
Item1.01 Entry into a Material Definitive Agreement
On March16, 2017, Rice Energy Operating LLC, as borrower (the
Company), and Rice Energy Inc., as parent guarantor (Rice),
entered into the Second Amendment (the Second Amendment) to the
Fourth Amended and Restated Credit Agreement, among the Company,
Rice, Wells Fargo Bank, N.A., as administrative agent, and the
lenders and other parties thereto (the Credit Agreement). The
Second Amendment, among other things, (i)revises the tenor and
aggregate notional volume limitations for Rices hedging
arrangements contained in the Credit Agreement to permit secured
financial and physical hedging for up to six years from the date
of the applicable contract, while increasing the aggregate
notional volumes that may be subject to such contracts in the
fourth and fifth years, (ii)permits certain unsecured physical
hedging transactions through the greater of the year 2030 or a
rolling ten-year period, and (iii)amends the long-term senior
unsecured debt rating threshold with respect to qualifying
non-lender hedge counterparties.
The foregoing description of the Second Amendment is a summary
only and is qualified in its entirety by reference to the Second
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 under Item1.01 concerning the Second
Amendment is incorporated herein by reference.
Item9.01 Financial Statements and Exhibits.
| (d) | Exhibits. |
|
ExhibitNo. |
Description |
|
| 10.1 |
Second Amendment to Fourth Amended and Restated Credit Agreement, dated as of March16, 2017, by and among Rice Energy Inc., Rice Energy Operating LLC, Wells Fargo Bank, N.A., as administrative agent and each of the lenders party thereto. |
About RICE ENERGY OPERATING LLC (NYSE:GE)
General Electric Company is a global digital industrial company. The Company’s products and services range from aircraft engines, power generation, and oil and gas production equipment to medical imaging, financing and industrial products. Its segments include Power, which includes products and services related to energy production and water reuse; Renewable Energy, which offers renewable power sources; Oil & Gas, including liquefied natural gas and pipelines; Aviation, which includes commercial and military aircraft engines, and integrated digital components, among others; Healthcare, which provides healthcare technologies in medical imaging, digital solutions, patient monitoring and diagnostics, and drug discovery, among others; Transportation, which is a supplier to the railroad, mining, marine, stationary power and drilling industries; Energy Connections & Lighting, which includes Energy Connections and Lighting businesses, and Capital, which is a financial services division. RICE ENERGY OPERATING LLC (NYSE:GE) Recent Trading Information
RICE ENERGY OPERATING LLC (NYSE:GE) closed its last trading session down -0.35 at 29.39 with 18,877,431 shares trading hands.
