UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On October 25, 2024, Amplify Energy Operating LLC (the “Borrower”), a wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the “Company”), entered into the Borrowing Base Redetermination, Commitment Increase and First Amendment to Amended and Restated Credit Agreement (the “First Amendment”), among the Borrower, Amplify Acquisitionco LLC, the guarantors party thereto, the lenders party thereto and KeyBank National Association, as administrative agent for the lenders. The First Amendment amends the Amended and Restated Credit Agreement, dated July 31, 2023 (the “Credit Agreement”), to, among other things: (i) reduce the borrowing base under the Credit Agreement from $150.0 million to $145.0 million, (ii) increase the aggregate elected commitments under the Credit Agreement from $135.0 million to $145.0 million and (iii) amend certain interest rates applicable to loans under the Credit Agreement.
The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the First Amendment, which is filed as Exhibit 10.1 to this report 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 information required by Item 2.03 relating to the First Amendment is contained in Item 1.01 of this Current Report on Form 8-K above and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 10.1 | Borrowing Base Redetermination, Commitment Increase and First Amendment to Amended and Restated Credit Agreement, dated October 25, 2024 by and among Amplify Energy Operating LLC, Amplify Acquisitionco LLC, the guarantors party thereto, the lenders party thereto and KeyBank National Association, as administrative agent. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMPLIFY ENERGY CORP. | ||
| Date: October 25, 2024 | By: | /s/ Martyn Willsher |
| Name: | Martyn Willsher | |
| Title: | President and Chief Executive Officer | |