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HK > SEC Filings for HK > Form 8-K on 27-Mar-2014All Recent SEC Filings

Show all filings for HALCON RESOURCES CORP



Entry into a Material Definitive Agreement, Other Events, Financial Stateme

Item 1.01 Entry Into Material Definitive Agreement.

On March 21, 2014, Halcón Resources Corporation (the "Company") entered into the Seventh Amendment (the "Amendment") to Senior Revolving Credit Agreement by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders signatory thereto (the "Credit Facility"). The Amendment increases the Borrowing Base (as defined in the Credit Facility) to $800 million in connection with the Company's annual spring redetermination and also provides the Company additional flexibility under the interest coverage test by modifying the minimum Interest Coverage Ratio to be 2.0 to 1.0 for any fiscal quarter ending on or before December 31, 2014.

The foregoing description of the Amendment is qualified by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 8.01 Other Events.

On May 29, 2013, the Company announced that, effective May 24, 2013, Charles E. Cusack, III was appointed as Executive Vice President, Chief Operating Officer.
A copy of Mr. Cusack's employment agreement is attached hereto as exhibit 10.2 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is filed as part of this Current Report on Form 8-K:

Exhibit No.                               Description

10.1          Seventh Amendment to Senior Revolving Credit Agreement, dated as of
              March 21, 2014, among Halcón Resources Corporation, as borrower,
              each of the lenders party thereto, and JPMorgan Chase Bank, N.A., as
              administrative agent for the lenders
10.2          Employment Agreement between Charles E. Cusack, III and Halcón
              Resources Corporation dated November 8, 2012

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