Current Report Filing (8-k)
May 06 2020 - 4:02PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 30, 2020
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CARBON ENERGY CORPORATION
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(Exact name of registrant as specified in charter)
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Delaware
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000-02040
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26-0818050
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(State or Other Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer
Identification No.)
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1700 Broadway, Suite 1170, Denver, Colorado
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80290
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(Address of principal executive offices)
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(Zip code)
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(720) 407-7030
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(Registrant's telephone number including area code)
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(Former Name or former address, if changed since last report)
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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 or to be registered pursuant
to Section 12(b) of the Act.
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Title of each class
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Trading Symbol
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Name of each exchange on which registered
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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 13a of the Exchange Act. ☐
Item 1.01 – Entry
into a Material Definitive Agreement.
Amendment to Amended and Restated Credit
Agreement.
On April 30, 2020, Carbon
Appalachia Enterprises, LLC and Nytis Exploration (USA) Inc. (collectively, the “Borrowers”) (each of
which is a subsidiary of Carbon Energy Corporation (“Carbon” or the “Company”),
a Delaware corporation), entered into a Fourth Amendment (the “Amendment”) of the Amended and Restated
Credit Agreement dated as of December 31, 2018, by and among the Borrowers, Prosperity Bank (successor by merger to LegacyTexas
Bank), as administrative agent (the “Administrative Agent”), and the lenders from time to time party
thereto (as amended, the “Credit Agreement”). Pursuant to the Amendment, Borrowers, the Administrative
Agent and such lenders agreed to amend certain provisions of the Credit Agreement (described below).
Pursuant to the Amendment,
the parties agreed that the dates by which the Borrowing Base would be automatically reduced by a further $2 million are changed
from April 30, 2020 to May 31, 2020 and from May 1, 2020 to June 1, 2020.
The above description of
the terms of the Amendment does not purport to be complete and is qualified in its entirety by the full text of the Amendment,
which is attached as an exhibit hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
* Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned,
hereunto duly authorized.
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CARBON ENERGY CORPORATION
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May 6, 2020
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By:
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/s/ Patrick R. McDonald
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Patrick R. McDonald,
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Chief Executive Officer
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Carbon Energy (CE) (USOTC:CRBO)
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