HighPeak Energy, Inc. 8-K

What Happened
HighPeak Energy, Inc. announced amendments to two of its credit agreements in June 2026. On June 30, 2026, the Company entered into a Fourth Amendment to its revolving Credit Agreement with Fifth Third Bank, N.A. as administrative agent. Separately, on June 25, 2026, the Company entered into a Third Amendment to its term loan Credit Agreement with Texas Capital Bank as administrative agent (Chambers Energy Management, LP as collateral agent). Both amendments modify the Total Net Leverage Ratio covenant to not exceed 2.25 to 1.00 for the fiscal quarter ending June 30, 2026. Copies of the amendments are filed as Exhibits 10.1 and 10.2 to the 8-K.

Key Details

• Parties: Revolving Credit Fourth Amendment with Fifth Third Bank, N.A. (admin agent); Term Loan Third Amendment with Texas Capital Bank (admin agent) and Chambers Energy Management, LP (collateral agent).
• Effective dates: Term loan amendment dated June 25, 2026; revolving credit amendment dated June 30, 2026.
• Covenant change: Total Net Leverage Ratio amended to a maximum of 2.25 to 1.00 for the fiscal quarter ending June 30, 2026.
• Filing items: Reported as Item 1.01 (entry into material definitive agreements) and Item 2.03 (creation/modification of a direct financial obligation); amendments attached as Exhibits 10.1 and 10.2.

Why It Matters
Changes to the leverage covenant affect how the company’s debt metrics are measured for the quarter ending June 30, 2026 and therefore bear directly on covenant compliance and the Company’s credit standing with its lenders. For investors, this is a material financing development: monitor upcoming quarterly results and future disclosures to see whether HighPeak meets the revised covenant and to assess any implications for liquidity, access to credit, or potential lender remedies.