Attached files
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EX-99.1 - EX-99.1 - MAGNUM HUNTER RESOURCES CORP | a15-25308_1ex99d1.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): December 21, 2015 (December 21, 2015)
MAGNUM HUNTER RESOURCES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware |
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001-32997 |
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86-0879278 |
909 Lake Carolyn Parkway, Suite 600
Irving, Texas 75039
(Address of principal executive offices, including zip code)
(832) 369-6986
(Registrants telephone number, including area code)
Not applicable
(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 obligations of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
As previously reported by Magnum Hunter Resources Corporation (the Company) in a Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on December 15, 2015 (the Filing 8-K), the Company and certain of its subsidiaries (collectively, the Debtors) filed voluntary petitions for reorganization (the Filing) under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court) under the caption In re Magnum Hunter Resources Corporation, et al., Case No. 15-12533. In connection with the Filing, on December 17, 2015, the Debtors entered into a Debtor-in-Possession Credit Agreement (the DIP Credit Agreement), by and among the Company, as borrower, and the lenders party thereto, which consist of certain of the Second Lien Lenders and the Noteholders (each as defined below) (the DIP Lenders), and Cantor Fitzgerald Securities, as administrative agent for the DIP Lenders and as collateral agent.
On December 21, 2015, the Company filed with the Bankruptcy Court financing syndication procedures for its previously disclosed DIP Credit Agreement. The financing syndication process under the DIP Credit Agreement provides the Second Lien Lenders and Noteholders who are not yet DIP Lenders the opportunity to participate in the DIP Credit Agreement financing pursuant to the term sheet disclosed in the Filing 8-K. The filing with the Bankruptcy Court and the attached financing syndication procedures are attached hereto as Exhibit 99.1 and incorporated herein by reference.
As used herein, the term Noteholders means holders of the Companys 9.75% Senior Notes due 2020, and the term Second Lien Lenders means the lenders under the Second Lien Credit Agreement, by and among the Company, as borrower, Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, the lenders party thereto and the agents party thereto.
Item 9.01 Financial Statements and Exhibits.
Exhibit |
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Description |
99.1 |
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Syndication Procedures, dated December 21, 2015. |
SIGNATURES
In accordance with 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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MAGNUM HUNTER RESOURCES CORPORATION |
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Date: December 21, 2015 |
/s/ Gary C. Evans |
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Gary C. Evans, |
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Chairman and Chief Executive Officer |