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SANCHEZ ENERGY CORP : Other Events (form 8-K)

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10/23/2019 | 05:11pm EDT

Item 8.01 Other Events

As previously disclosed, on September 24, 2019, Sanchez Energy Corporation (the "Company"), Wilmington Savings Fund Society, FSB, as agent (the "Agent"), and the Required Lenders (as defined in the Loan Agreement (as defined below)) entered into an amendment (the "Amendment") to that certain Senior Secured Debtor-in-Possession Term Loan Credit Agreement, dated as of August 16, 2019 (the "Loan Agreement"), by and between the Company, the Agent and the lenders party thereto, which, among other things, extended the milestone date set forth in the Loan Agreement for the entry of a final order of the United States Bankruptcy Court for the Southern District of Texas authorizing the Company's and its subsidiary debtors' entry into the Loan Agreement and the other transactions contemplated by the Loan Agreement to October 2, 2019, and provided for the further extension of such milestone date with the consent of the Required Lenders. On October 23, 2019, as contemplated and permitted by the Amendment, the Required Lenders provided written notice of their consent to a further extension of such milestone date from the last reported extension date of October 23, 2019 to November 1, 2019.

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