UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On September 12, 2024, Coterra Energy Inc. (the “Company”) entered into an Amendment No. 1 (the “Amendment”) to that certain Credit Agreement, dated as of March 10, 2023, with JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”), and certain lenders and issuing banks party thereto (as amended by the Amendment, and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
The Amendment, among other things, (i) increased the aggregate revolving commitments under the Credit Agreement from $1.5 billion to $2.0 billion, (ii) extended the Credit Agreement’s maturity date from March 10, 2028 to September 12, 2029, (iii) made certain amendments to the representations and warranties, affirmative and negative covenants and events of default and (iv) made certain other modifications to the Credit Agreement as further set forth therein.
Many of the lenders under the Credit Agreement, their affiliates, or combination thereof have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and commercial banking services, or other services for the Company and its subsidiaries (including in connection with the transactions described in this Form 8-K), for which they have received, and may in the future receive, customary compensation and expense reimbursement.
The foregoing summaries and descriptions of the Credit Agreement and the Amendment do not purport to be complete and are qualified in their entirety by reference to the full text of the Amendment 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 information provided in Item 1.01 above is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
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.
| COTERRA ENERGY INC. | ||
| By: | /s/ Marcus G. Bolinder | |
| Marcus G. Bolinder | ||
| Corporate Secretary | ||
Date: September 12, 2024