Halcon amends facility for flexibility under interest coverage test

By Marisa Wong

Madison, Wis., Feb. 25 – Halcon Resources Corp. entered into a ninth amendment to its senior revolving credit agreement on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment amends the credit facility to give the company more flexibility under the interest coverage test by modifying the minimum interest coverage ratio to be 2.0 to 1.0 for any fiscal quarter ending on or before March 31, 2016.

JPMorgan Chase Bank, NA is the administrative agent.

Halcon is a Houston-based oil and gas acquisition, production, exploration and development company.

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