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FXEN > SEC Filings for FXEN > Form 8-K on 17-Jul-2013All Recent SEC Filings

Show all filings for FX ENERGY INC

Form 8-K for FX ENERGY INC


17-Jul-2013

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


ITEM 1.01-ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On July 12, 2013, FX Energy, Inc. (the "Company"), finalized a five-year, Up to USD 100,000,000 Senior Reserve Base Lending Facility Agreement with BNP Paribas (Suisse) SA and ING Bank N.V. (the "Facility"). The Facility provides up to $100 million in lending to the Company's Polish subsidiary, as borrower, to repay the previously outstanding $55 million credit facility with The Royal Bank of Scotland Plc and to pay for production facilities for the Company's oil and gas wells in Poland and other permitted expenditures.

Repayment of the Facility is secured by an encumbrance on the Company's oil- and gas-producing properties in Poland and all intercompany advances from the Company to its Polish subsidiary and is guaranteed by the Company. All outstanding balances under the Facility bear interest at LIBOR plus 3.75% before June 30, 2016, and LIBOR plus 4% thereafter. Based upon the Company's oil and gas reserves in Poland and related production forecasts, the initial borrowing base is $65 million under the Facility. Interest is payable currently, with principal reductions commencing in June 2016.



ITEM 9.01-FINANCIAL STATEMENTS AND EXHIBITS

The following are filed as exhibits to this report:

        Exhibit
         Number                Title of Document                  Location

           10      Material Contracts
         10.108    Up to USD 100,000,000 Senior Reserve Base    This filing.
                   Lending Facility Agreement among FX Energy
                   Poland Sp. z o.o., FX Energy, Inc.,
                   FX Energy Netherlands Partnership C.V., FX
                   Energy Netherlands B.V., BNP Paribas
                   (Suisse) SA and ING Bank N.V. dated July
                   3, 2013

         10.109    Intercreditor Deed among FX Energy Poland    This filing.
                   Sp. z o.o, BNP Paribas (Suisse) SA, ING
                   Bank N.V., BNP Paribas SA, and the
                   subordinated lenders dated July 3, 2013

         10.110    Deed of Pledge of Registered Shares among    This filing.
                   Frontier Exploration Company and FX
                   Drilling Company, Inc., in their capacity
                   of general partners of FX Energy
                   Netherlands Partnership C.V.; BNP Paribas
                   (Suisse) SA; and FX Energy Netherlands
                   B.V., dated July 5, 2013


_______________


* All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit.


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