|
Search -
Finance Home -
Yahoo! -
Help |
|
Quotes & Info
|
| AREX > SEC Filings for AREX > Form 8-K on 3-Nov-2009 | All Recent SEC Filings |
3-Nov-2009
Entry into a Material Definitive Agreement
Effective October 30, 2009, Approach Resources Inc. (the "Company") entered
into a sixth amendment (the "Sixth Amendment") to its Credit Agreement dated as
of January 18, 2008 (as amended, the "Credit Agreement").
The Sixth Amendment increases the commitment amount of the Credit Agreement
from $100 million to $115 million. All other terms and conditions of the Credit
Agreement remain unchanged.
The Company paid a fee in conjunction with the Sixth Amendment equal to 1.00%
of the amount of the increase in the commitment amount ($150,000).
The foregoing description of the terms of the Sixth Amendment is qualified in
its entirety by the Sixth Amendment, which is filed as Exhibit 10.1 to this
current report and is incorporated herein 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 under Item 1.01 above is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Sixth Amendment dated as of October 30, 2009 to Credit Agreement dated
as of January 18, 2008 among Approach Resources Inc., as borrower, The
Frost National Bank, as administrative agent and lender, JPMorgan
Chase Bank, NA, Fortis Capital Corp. and KeyBank National Association,
as lenders, and Approach Oil & Gas Inc., Approach Oil & Gas (Canada)
Inc. and Approach Resources I, LP, as guarantors.
|
|
|