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): March 16, 2020

 

SANCHEZ ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   001-35372   45-3090102
(State or other jurisdiction of
incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

1000 Main Street
Suite 3000
Houston, Texas 77002

(Address of principal executive offices) (Zip Code)

 

(713) 783-8000

(Registrant’s telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

¨ 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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
N/A N/A N/A

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01 Other Events

 

As previously disclosed, on January 28, 2020, Sanchez Energy Corporation, the financial institutions or other entities from time to time parties thereto as lenders, and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent, entered into an Amended and Restated Senior Secured Debtor-in-Possession Term Loan Credit Agreement (the “Loan Agreement”), which, among other things, provides for certain milestone dates which the Loan Agreement provides may be extended with the consent of the Required Lenders (as defined in the Loan Agreement). On March 16, 2020, as contemplated and permitted by the Loan Agreement, the Required Lenders provided written notice of their consent to an extension of the milestone date for the filing of an Acceptable Plan of Reorganization (as defined in the Loan Agreement) (a “Plan”) and the related disclosure statement to March 17, 2020. On March 17, 2020, as contemplated and permitted by the Loan Agreement, the Required Lenders provided written notice of their consent to (i) a further extension of the milestone date for the filing of a Plan and the related disclosure statement to March 19, 2020, and (ii) an extension for the milestone date for the entry of an order approving the disclosure statement to April 23, 2020 from the last reported extension to April 20, 2020. On March 19, 2020, as contemplated and permitted by the Loan Agreement, the Required Lenders provided written notice of their consent to (i) a further extension of the milestone date for the filing of a Plan and the related disclosure statement to March 20, 2020 and (ii) a further extension for the milestone date for the entry of an order approving the disclosure statement to April 24, 2020.

 

 

 

 

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.

 

  SANCHEZ ENERGY CORPORATION
   
Date: March 20, 2020 By: /s/ Cameron W. George
    Name: Cameron W. George
   

Title:

Executive Vice President and

Chief Financial Officer