Item 1.01. Entry into a Material Definitive Agreement.
OnNovember 1, 2022 ,Laredo Petroleum, Inc. (the "Company") entered into the Tenth Amendment (the "Tenth 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 Tenth Amendment, among other things, (i) increases the borrowing base from$1.25 billion to$1.3 billion , (ii) permits additional senior note buybacks and other restricted payments, subject to certain conditions; and (iii) makes technical changes to permit the Company to potentially incur term loans, subject to terms to be agreed with lenders making such term loans, in addition to revolving loans, in each case, subject to the terms of the Tenth Amendment and the Senior Secured Credit Facility. All capitalized terms above that are not defined elsewhere have the meanings ascribed to them in the Tenth Amendment or the Senior Secured Credit Facility, as applicable. The foregoing description of the Tenth Amendment is a summary only and is qualified in its entirety by reference to the complete text of the Tenth Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated into this Item 1.01 by reference.
Item 2.02. Results of Operations and Financial Condition.
OnNovember 3, 2022 ,Laredo Petroleum, Inc. (the "Company") announced its financial and operating results for the quarter endedSeptember 30, 2022 . Copies of the Company's press release and Presentation (as defined below) are furnished as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 2.02 of this Current Report on Form 8-K and the exhibits attached hereto are deemed to be "furnished" and shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.
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 Tenth Amendment is hereby incorporated herein by reference. A copy of the Tenth Amendment is attached hereto as Exhibit 10.1 and incorporated into this Item 2.03 by reference.
Item 7.01. Regulation FD Disclosure.
On
On
All statements in the press release and Presentation, other than historical financial information, may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. See the Company's Annual Report on Form 10-K for the year endedDecember 31, 2021 and the Company's other filings with theSEC for a discussion of other risks and uncertainties. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01 of this Current Report on Form 8-K and the exhibits attached hereto are deemed to be "furnished" and shall not be deemed "filed" for the purpose of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act. --------------------------------------------------------------------------------
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Tenth Amendment to the Fifth Amended and Restated Credit Agreement, dated as ofNovember 1, 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. 99.1 Press Release datedNovember 3, 2022 . 99.2 Investor Presentation datedNovember 3, 2022 . 104 Cover Page Interactive Data File (formatted as Inline XBRL).
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