Item 1.01. Entry into a Material Definitive Agreement.
OnAugust 30, 2022 ,Laredo Petroleum, Inc. (the "Company") entered into the Ninth Amendment (the "Ninth Amendment") to the Fifth Amended and Restated Credit Agreement (as amended, the "Senior Secured Credit Facility") among the Company, as borrower, Wells Fargo, as administrative agent, the Guarantors and the bank signatory thereto. The Ninth Amendment, among other things, (i) adds additional capacity to making distributions of the Company's common stock and (ii) clarifies the conditions to making redemptions of the Company's debt, in each case, subject to the terms of the Ninth Amendment and the Amended Credit Facility. All capitalized terms above that are not defined elsewhere have the meanings ascribed to them in the Ninth Amendment or the Senior Secured Credit Facility, as applicable. The foregoing description of the Ninth Amendment is a summary only and is qualified in its entirety by reference to the complete text of the Ninth Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Item 1.01 by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above with respect to the Ninth Amendment is hereby incorporated herein by reference. A copy of the Ninth Amendment is attached hereto as Exhibit 10.1 and incorporated into this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Ninth Amendment to the Fifth Amended and Restated Credit Agreement, dated as ofAugust 30, 2022 , among Laredo
Wells Fargo Bank, N.A. , as administrative agent,Laredo Midstream Services, LLC andGarden City Minerals, LLC , as guarantors and the banks signatory thereto. 104 Cover Page Interactive Data File (formatted as Inline XBRL).
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