Amplify Energy Corp. 8-K
Research Summary
AI-generated summary
Amplify Energy Corp. Amends Credit Facility; $25M Borrowing Base
What Happened
- On December 31, 2025, Amplify Energy Operating LLC (a wholly owned subsidiary of Amplify Energy Corp.) entered into a Borrowing Base Redetermination, Commitment Increase and Second Amendment to its Amended and Restated Credit Agreement.
- The Second Amendment, among the Borrower, Amplify Acquisitionco LLC, the guarantors, the lenders and Citizens Bank, N.A. (as administrative agent), sets the Borrowing Base at $25,000,000 and extends the credit agreement maturity to December 31, 2028. The amendment amends the original credit agreement dated July 31, 2023.
- The company also issued a press release on December 31, 2025 announcing these actions.
Key Details
- Borrowing Base: $25,000,000 (set by the Second Amendment).
- Maturity extended to: December 31, 2028.
- Parties: Amplify Energy Operating LLC (borrower), Amplify Acquisitionco LLC, guarantors, lenders, and Citizens Bank, N.A. as administrative agent.
- Filed: Form 8-K dated December 31, 2025; related amendment filed as Exhibit 10.1 and press release as Exhibit 99.1.
Why It Matters
- The amendment defines the company’s available borrowing capacity (the $25M borrowing base) and pushes the loan maturity out to the end of 2028, which are material items affecting Amplify’s liquidity and debt timeline.
- For investors, these changes clarify near- to medium-term financing terms — important when assessing the company’s ability to fund operations and meet obligations.