Attached files
| file | filename |
|---|---|
| EX-10.1 - EXHIBIT 10.1 - Energy XXI Ltd | v356035_ex10-1.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): September 27, 2013 |
Energy XXI (Bermuda) Limited
(Exact name of registrant as specified in its charter)
001-33628
(Commission File Number)
| Bermuda | 98-0499286 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| Canon’s Court, 22 Victoria Street, PO Box HM | |
| 1179, Hamilton HM EX, Bermuda | Not Applicable |
| (Address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: 441-295-2244
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 September 27, 2013, Energy XXI (Bermuda) Limited’s indirect wholly-owned subsidiary Energy XXI Gulf Coast, Inc. (“Gulf Coast”) received written confirmation from the administrative agent under its Second Amended and Restated First Lien Credit Agreement (the “First Lien Credit Agreement”) that it had received signature pages from all of the lenders under the First Lien Credit Agreement for the Sixth Amendment to Second Amended and Restated First Lien Credit Agreement dated as of September 27, 2013 (the “Amendment”). The Amendment also became effective as of such date based on satisfaction of the conditions to such effectiveness provided in the Amendment.
Under the Amendment, the borrowing base for Gulf Coast is established at $1,087,500,000 (an increase from $850,000,000) until the next redetermination of such borrowing base pursuant to the terms of the First Lien Credit Agreement. Additionally, the Amendment generally provides changes and other modifications to the First Lien Credit Agreement to permit Gulf Coast to specify interest periods for LIBOR loans of less than a month (so that Gulf Coast is able to have new borrowings continued under interest periods with already outstanding loans) and makes some related adjustments to the definition of LIBOR and other technical corrections.
A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| EXHIBIT NO. | ITEM | |
| 10.1 | Sixth Amendment to Second Amended and Restated First Lien Credit Agreement dated as of September 27, 2013 |
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.
| Energy XXI (Bermuda) Limited | ||||||
| Dated: September 27, 2013 | By |
/s/ D. West Griffin |
||||
| Name: D. West Griffin | ||||||
| Title: Chief Financial Officer | ||||||
Exhibit Index
| EXHIBIT NO. | ITEM | |
| 10.1 | Sixth Amendment to Second Amended and Restated First Lien Credit Agreement dated as of September 27, 2013 |