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CPE > SEC Filings for CPE > Form 8-K on 21-May-2013All Recent SEC Filings

Show all filings for CALLON PETROLEUM CO | Request a Trial to NEW EDGAR Online Pro



Creation of a Direct Financial Obligation or an Obligation under an Off-Balan

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On May 13, 2013, Callon Petroleum Company (the "Company") entered into Amendment No. 2 to the Fourth Amended and Restated Credit Agreement (the "Amended Credit Agreement"), effective May 10, 2013, by and among the Company, Callon Petroleum Operating Company as guarantor, the "Lenders" described therein, and Regions Bank as the administrative agent.

Under the Amended Credit Agreement, the Lenders agreed to increase the quarterly limitation on Senior Unsecured Debt and Preferred Equity Charges (as defined in the Amended Credit Agreement) under Section 6.04(c) (Merger or Consolidation; Asset Sales; Issuance of Securities) and Section 6.05 (Restricted Payments) of the Amended Credit Agreement from $4,000,000 to $5,500,000.

The foregoing description of the Amended Credit Agreement is qualified in its entirety by reference to the Amended Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On May 20, 2013 the Company issued a press release announcing that it is commencing an underwritten public offering of non-convertible Series A Cumulative Preferred Stock (liquidation preference of $50.00 per share). A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information set forth in the attached Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number         Title of Document

     10.1              Amendment No. 2 to the Fourth Amended and Restated Credit
                       Agreement dated as of May 10, 2013 between Callon Petroleum
                       Company, Callon Petroleum Operating Company, the "Lenders"
                       described therein, and Regions Bank, as Administrative

     99.1              Press release dated May 20, 2013.

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