Attached files
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| EX-4.1 - AMENDMENT NO. 5 TO CREDIT AGREEMENT - PLAINS EXPLORATION & PRODUCTION CO | exhibit4_1.htm |
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): April 12, 2010
PLAINS EXPLORATION & PRODUCTION COMPANY
(Exact name of registrant as specified in charter)
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Delaware
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33-0430755
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(State of Incorporation)
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(I.R.S. Employer Identification No.)
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001-31470
(Commission File No.)
700 Milam, Suite 3100
Houston, Texas 77002
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code: (713) 579-6000
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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(17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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(17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On April 12, 2010, Plains Exploration & Production Company (“PXP”) entered into an Amendment No. 5 to the Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, and the lenders party thereto (the “Fifth Amendment”), which amends the senior revolving credit facility that closed on November 6, 2007 (the “Credit Facility”). The borrowing base has been increased from $1.13 billion to $1.3 billion. In addition, the amendment allows us to increase our investments in certain subsidiaries and joint ventures. The borrowing base is subject to the existing scheduled and interim redetermination provisions in the Credit Facility. The first scheduled redetermination is on May 1, 2011. The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Fifth Amendment, which is filed as Exhibit 4.1 hereto and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
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4.1
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Amendment No. 5 to Amended and Restated Credit Agreement, dated as of April 12, 2010,
among Plains Exploration & Production Company, as borrower, each of the lenders that is a
signatory thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
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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.
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PLAINS EXPLORATION & PRODUCTION COMPANY
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Date: April 12, 2010
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/s/ Nancy I. Williams
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Nancy I. Williams
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Vice President—Accounting, Controller and Chief Accounting Officer
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EXHIBIT INDEX
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4.1
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Amendment No. 5 to Amended and Restated Credit Agreement, dated as of April 12, 2010,
among Plains Exploration & Production Company, as borrower, each of the lenders that is a
signatory thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
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