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EX-10.1 - PURCHASE AGREEMENT DATED OCTOBER 3, 2012 - Alta Mesa Holdings, LP | d421125dex101.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): October 3, 2012
ALTA MESA HOLDINGS, LP
(Exact name of registrant as specified in its charter)
Texas | 333-173751 | 20-3565150 | ||
(State or other jurisdiction of | (Commission | (I.R.S. Employer | ||
incorporation or organization) | File Number) | Identification Number) |
15021 Katy Freeway, Suite 400
Houston, Texas, 77094
(Address of principal executive offices)
(281) 530-0991
(Registrants telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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)) |
Item 1.01 Entry into a Material Definitive Agreement
On October 3, 2012, Alta Mesa Holdings, LP (the Company) and its wholly-owned subsidiary Alta Mesa Finance Services Corp. (together with the Company, the Issuers), and certain subsidiaries of the Company, as guarantors (the Guarantors), entered into a Purchase Agreement (the Purchase Agreement) under which the Company agreed to sell $150 million aggregate principal amount of its 9 5/8% senior notes due 2018 (the Additional Notes) to Wells Fargo Securities, LLC, as representative of the several initial purchasers named therein (the Initial Purchasers), in a private placement exempt from the registration requirements under the Securities Act of 1933, as amended (the Securities Act). The Additional Notes, which will be issued at 99% of their face value, will be additional notes under an indenture pursuant to which the Company initially issued $300 million principal amount of its 9 5/8% senior notes due 2018 on October 13, 2010 (the Existing Notes). The proposed Additional Notes will be treated as a single series with, and will have the same terms as, the Existing Notes, but will not be fungible with the Existing Notes for trading purposes unless and until they are exchanged for registered notes.
The Company expects the closing of the Additional Notes to occur on October 15, 2012, and intends to use the net proceeds from the offering of $145.3 million (after deducting estimated fees and offering expenses) to repay existing indebtedness under its senior secured revolving credit facility. As a result of the completion of this offering, the borrowing base under the Companys senior secured revolving credit facility will be automatically reduced from $350 million to $312.5 million.
The Additional Notes have not been registered under the Securities Act or any state securities laws, and unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
The Purchase Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions under which the Issuers and the Guarantors, on one hand, and the Initial Purchasers, on the other, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act. In addition, the Purchase Agreement requires the execution of a registration rights agreement relating to the Additional Notes.
Certain affiliates of the initial purchasers are lenders under the Companys senior secured revolving credit facility.
The description of the Purchase Agreement in this report is a summary only, is not necessarily complete, and is qualified by the full text of the Purchase Agreement filed herewith as Exhibit 10.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
Title of Document | |
10.1 | Purchase Agreement dated October 3, 2012 by and among Alta Mesa Holdings, LP, Alta Mesa Finance Services Corp., the Guarantors named therein and the Initial Purchasers named therein. |
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.
ALTA MESA HOLDINGS, LP | ||||||
October 4, 2012 | By: | /s/ Michael A. McCabe | ||||
Michael A. McCabe, Vice President and Chief Financial Officer of Alta Mesa Holdings GP, LLC, general partner of Alta Mesa Holdings, LP |
Exhibit Index
Exhibit Number |
Title of Document | |
10.1 | Purchase Agreement dated October 3, 2012 by and among Alta Mesa Holdings, LP, Alta Mesa Finance Services Corp., the Guarantors named therein and the Initial Purchasers named therein. |