UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On September 14, 2021, Vine Energy Holdings LLC (the “Borrower”), the Lenders party thereto constituting the Required Lenders and acknowledged by Citibank, N.A. (“Citi”), as Administrative Agent and Collateral Agent, entered into the First Amendment (the “Amendment”) to its Credit Agreement, dated as of March 8, 2021 (as amended by the Amendment, and as otherwise amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrower, the Lenders and Issuing Banks party thereto from time to time, and Citi, as administrative agent and collateral agent. Capitalized terms used but not defined herein have the meanings assigned to such terms in the Credit Agreement.
Subject to the conditions set forth in the Amendment, the Amendment (i) postpones the Scheduled Redetermination that is scheduled to become effective as of October 1, 2021 to December 1, 2021 (or such later date that is as promptly as possible thereafter) and (ii) waives the requirement that the Credit Parties enter into and maintain certain Hedge Agreements during the Hedging Extension Period.
The above description of the material terms and conditions of the Amendment is a summary only, does not purport to be complete, and is qualified by reference to the full text of the Amendment attached to this Current Report as Exhibit 10.1.
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.
d) Exhibits.
| Exhibit No. | Description | |
| 10.1 | First Amendment to Credit Agreement, dated as of September 14, 2021, among the Borrower, Citibank, N.A., as administrative agent and collateral agent, and the several lenders party thereto. | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
| Date: September 15, 2021 | Vine Energy Inc. | |||||
| By: | /s/ Jonathan C. Curth | |||||
| Name: Jonathan C. Curth | ||||||
| Title: Executive Vice President, General Counsel and Corporate Secretary |