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TPLM > SEC Filings for TPLM > Form 8-K on 22-Oct-2013All Recent SEC Filings

Show all filings for TRIANGLE PETROLEUM CORP | Request a Trial to NEW EDGAR Online Pro

Form 8-K for TRIANGLE PETROLEUM CORP


22-Oct-2013

Entry into a Material Definitive Agreement, Creation of a Direct Financia


Item 1.01 Entry into a Material Definitive Agreement.

On October 16, 2013, Triangle USA Petroleum Corporation ("TUSA"), a wholly-owned subsidiary of Triangle Petroleum Corporation (the "Company"), entered into Amendment No. 2 to Amended and Restated Credit Agreement and Master Assignment (the "Amendment") with Wells Fargo Bank, National Association, as administrative agent and issuing lender, and the other lenders named therein, as lenders. The Amendment amends that certain Amended and Restated Credit Agreement, dated April 11, 2013, as reported on a Form 8-K filed with the Securities and Exchange Commission on April 17, 2013, as amended by that certain Amendment No. 1 to Amended and Restated Credit Agreement and Master Assignment, dated July 30, 2013 (the "Amended A&R Credit Agreement"), as reported on a Form 8-K filed with the Securities and Exchange Commission on August 5, 2013, to (i) increase the borrowing base under the Amended A&R Credit Agreement from $165.0 million to $275.0 million, (ii) add JPMorgan Chase Bank, N.A., KeyBank National Association, and IBERIABANK as new lenders under the facility, (iii) extend the maturity date to October 16, 2018, and (iv) decrease the applicable margins for ABR and eurodollar advances by 0.25% at all utilization levels. Further, the existing lenders assigned a portion of their lending commitments to the three new lenders.

The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the complete text of the Amendment, which is attached hereto as Exhibit 10.1 to this Form 8-K and incorporated in this Item 1.01 by reference.



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

The information set forth under Item 1.01 concerning the Amendment is incorporated herein by reference.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 10.1    Amendment No. 2 to Amended and Restated Credit Agreement and Master
                Assignment, dated October 16, 2013, among Triangle USA Petroleum
                Corporation, as Borrower, Wells Fargo Bank, National Association, as
                Administrative Agent and Issuing Lender, and the Lenders Named
                Herein, as Lenders


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