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Material Agreement

Filed Feb 14, 2024 · 2y ago · Accession 0001437749-24-003967

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of earliest event reported) February 9, 2024   PrimeEnergy Resources Corporation (Exact name of registrant as specified in its charter)     Delaware (State or Other Jurisdiction of Incorporation)   0-7406   84-0637348 (Commission File Number)   (IRS Employer Identification No.)   9821 Katy Freeway , Houston , Texas 77024 (Address of principal executive offices)   Registrant ’ s telephone number, including area code 713 - 735-0000     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))     Securities registered pursuant to Section   12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock , $0.10 par value   PNRG   NASDAQ   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company      ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐         PRIMEENERGY RESOURCES CORPORATION   Item 1.01 Entry into a Material Definitive Agreement   On February 9, 2024, PrimeEnergy Resources Corporation, (The Company), amended its loan agreement with Citibank, N.A., increasing the borrowing base from $65,000,000 to $85,000,000, as well as adding Independent Bank as a new lender. As of today, the Company has no outstanding borrowings under the facility, however, the Company does plan to draw down part of the loan and use its cash flow to fund its drilling budget for 2024.   The above description of the loan agreement amendment is qualified in its entirety by reference to the complete text of such amendment filed as Exhibit 10.1 hereto.   This report contains forward-looking statements that involve risks and uncertainties, and actual results may vary. See the Company’s most recent Quarterly Report on Form 10-Q for a description of various factors that could materially affect the ability to achieve the anticipated results described in the forward-looking statements.     Item 9.01 Exhibits and Financial Statement Schedules.   The following document is filed as part of this Report   Exhibit No.   Description       10.22.6.2   Second Amendment to Fourth Amended and Restated Credit Agreement, dated as of February 9, 2024, among PrimeEnergy Resources Corporation, Citibank, N.A., as administrative agent, the guarantors and the lenders party thereto. 104   Cover Page Interactive Data File (embedded within the Inline XBRL document).                     SIGNATURES   Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned, thereto duly authorized.   Dated: February 13, 2024 PrimeEnergy Resources Corporation   By: /s/ Beverly A. Cummings   Name: Beverly A. Cummings   Executive Vice President
Filing details
Ticker
PNRG
CIK
56868
Form type
8-K
Filing date
Feb 14, 2024
Report date
Feb 9, 2024
Document
pnrg20240213_8k.htm
Size
268 KB