false 0000788965 0000788965 2022-09-28 2022-09-28
 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 8-K
 
 CURRENT REPORT
  
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of Earliest Event Reported): October 4, 2022 (September 28, 2022)
 
logo.jpg
 
Hallador Energy Company
(Exact name of registrant as specified in its charter)
 
 
 
Colorado
001-34743
84-1014610
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
  
  
1183 East Canvasback Drive, Terre Haute, Indiana 47802
(Address, including zip code, of principal executive offices)
  
 
Registrant’s telephone number, including area code: (812) 299-2800
  
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 
Emerging growth company  
  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange  Act.  ☐   
  
Securities registered pursuant to Section 12(b) of the Act:  
  
Title of each class
 
Trading Symbol
 
Name of each exchange
on which registered
Common Shares, $.01 par value
 
HNRG
 
Nasdaq
 
1

Item 1.01
Entry into a Material Definitive Agreement.
 
On September 28, 2022, Hallador Energy Company (the "Company") executed an amendment to its credit agreement with PNC, administrative agent for its lenders.  The primary purpose of this amendment was to add a clause to explicitly permit Hallador Power Company, LLC, a subsidiary of the Company, to acquire Hoosier Energy's 1-Gigawatt Merom Generating Station, subject to the terms and conditions set forth in the Asset Purchase Agreement entered into on February 14, 2022, and filed herewith as an exhibit to Form 8-K/A filed on March 11, 2022.  The amendment also increased the Letters of Credit sublimit from $25 million to $30 million.
 
The foregoing summary of the terms and conditions of the amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the amendment, a copy of which is filed herewith as Exhibit 10.1 to this Form 10-Q.
 
 
Item 9.01.
Financial Statements and Exhibits.
 
(d)  Exhibits.
 
     
     
  Exhibit No. Document
  10.1 Ninth Amendment to the Third Amended and Restated Credit Agreement dated September 28, 2022
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
2

 
SIGNATURE
 
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.
 
 
 
       
 
HALLADOR ENERGY COMPANY
     
Date: October 4, 2022
By:
 
/s/ Lawrence D. Martin
     
Lawrence D. Martin
     
Chief Financial Officer
 
 
 
 
 
3