PrimeEnergy Resources Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits

false 0000056868 0000056868 2024-07-29 2024-07-29

 

 

 

 

 

 

 

 

 

 

 

 

 

Registrant’s telephone number, including area code 713-735-0000

 

 

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PRIMEENERGY RESOURCES CORPORATION

 

Item 1.01 Entry into a Material Definitive Agreement

 

On July 29, 2024, PrimeEnergy Resources Corporation, (The Company), amended its loan agreement with Citibank, N.A., increasing the borrowing base from $85,000,000 to $115,000,000. As of today, the Company currently has $8,000,000 outstanding borrowings under the facility, however, the Company does plan to draw down part of the loan and use its cash flow to fund its drilling budget for 2024. The loan amendment also includes the addition of U.S. Bank National Association as a lender and the cover page of the Credit Agreement is hereby amended by amending the phrase “Citibank, N.A. Sole Lead Arranger and Sole Book Runner” to read as follows:

 

 

Joint Lead Arranger and Sole Book Runner

 

FIFTH THIRD BANK, NATIONAL ASSOCIATION,

Joint Lead Arranger and Syndication Agent

 

Item 9.01 Exhibits and Financial Statements Schedule

 

 

 

 

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned, thereto duly authorized.