Item 1.01 Entry into a Material Definitive Agreement. OnOctober 8, 2020 , the Company, several banks and other financial institutions (collectively, the "Lenders") andJPMorgan Chase Bank, N.A ., in its capacity as administrative agent for the Lenders (the "Administrative Agent"), entered into Amendment No. 8 (the "Amendment") to that certain Credit Agreement dated as ofApril 26, 2018 , by and among the Company, the Lenders from time to time party thereto and the Administrative Agent (the "Credit Agreement"). Additionally, effective as ofOctober 8, 2020 and pursuant to the Amendment and the semi-annual borrowing base redetermination, both the Borrowing Base (as defined in the Credit Agreement) and total Lender commitments remain at$1.8 billion . The Credit Agreement was amended to, among other matters: (i)limit the Company's unrestricted cash and cash equivalents to$200 million when loans under the Credit Agreement are outstanding, subject to certain exceptions; and (ii)increase the applicable rate by 25 basis points on loans outstanding under the Credit Agreement. In addition, certain amendments and redeterminations are conditioned upon a successful close of the anticipated merger by and between the Company and Montage Resources Corporation ("Montage") in the fourth quarter of 2020. Upon the closing of the Company's merger with Montage and satisfaction of related conditions and pursuant to the Amendment and the semi-annual borrowing base redetermination, both the Borrowing Base (as defined in the Credit Agreement) and total Lender commitments will be increased to$2.0 billion and the Credit Agreement will be further amended to, among other matters, deem letters of credit outstanding under the existing Montage credit facility to have been issued under the Credit Agreement. The disclosure contained in this Item 1.01 does not purport to be a complete description of the Amendment and is qualified in its entirety by reference to the Amendment that is filed as Exhibit 10.1 hereto and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The information set forth in Item 1.01 is incorporated into this Item 2.03 by reference. Item 9.01 Financial Statements and Exhibits.
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