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Halcon extends leverage ratio default waiver under revolver to Aug. 8
By Wendy Van Sickle
Columbus, Ohio, Aug. 1 – Halcon Resources Corp. entered an amendment to its revolving credit agreement on July 31 that extends the termination date of a waiver of a leverage ratio default to Aug. 8, according to an 8-K filing with the Securities and Exchange Commission.
The company and its lenders originally entered into the waiver on May 9, and the original expiration date was Aug. 1.
The waiver waives any default or event of default under the company’s amended and restated senior secured revolving credit agreement directly resulting from the potential leverage ratio default disclosed in the company’s 10-Q for the quarter ended March 31.
JPMorgan Chase Bank, NA is the administrative agent.
Halcon is a Houston-based independent energy company.
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