Item 1.01 Entry into a Material Definitive Agreement.
First Amendment to Amended and Restated Company Credit Agreement
On
Pursuant to the First Amendment, the parties have agreed that the minimum hedging covenant with respect to projected oil and gas production will not apply if the Company's leverage ratio is less than 1.00:1 as of the applicable quarterly test date, until the next such test date.
The foregoing description of the First Amendment is a summary only, does not purport to be complete, and is qualified in its entirety by reference to the full text of the First Amendment, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* First Amendment to Amended and Restated Credit Agreement, amongCivitas Resources, Inc. , the guarantors party thereto, the lenders party thereto andJPMorgan Chase Bank, N.A ., as the administrative agent. 104 Cover Page Interactive Data File (formatted as Inline XBRL) * Filed herewith 2
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