News Column

ENERJEX RESOURCES, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

May 27, 2014



Item 1.01 Entry Into A Material Definitive Agreement.

Seventh Amendment to Amended and Restated Credit Agreement

EnerJex Resources, Inc., a Nevada corporation (the "Company") , EnerJex Kansas, Inc., DD Energy, Inc., Black Sable Energy, LLC, Black Raven Energy, Inc., Adena, LLC, and Working Interest, LLC (together with the Company, the "Initial Borrowers") previously entered into an Amended and Restated Credit Agreement dated October 3, 2011, as amended by that certain First Amendment to Amended and Restated Credit Agreement dated December 14, 2011, that certain Second Amendment to Amended and Restated Credit Agreement dated as of August 31, 2012, that certain Third Amendment to Amended and Restated Credit Agreement dated as of November 2, 2012, that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of January 24, 2013, that certain Fifth Amendment to Amended and Restated Credit Agreement dated as of September 30, 2013, and that certain Sixth Amendment to Amended and Restated Credit Agreement dated as of November 19, 2013 (the "Credit Agreement") with Texas Capital Bank, N.A., (the "Bank") as Administrative Agent, L/C Issuer and Bank (as those terms are defined in the Credit Agreement), and other financial institutions and banks that may become a party to the Credit Agreement from time to time.

On May 22, 2014, the Borrowers entered into a Seventh Amendment to Amended and Restated Credit Agreement (the "Seventh Amendment") with the Bank. In the Seventh Amendment the Bank has consented to the issuance of up to850,000 shares of 10% Series A Cumulative Redeemable Perpetual Preferred Stock by the Company, and the payment of dividends thereon in accordance with the terms of such shares.

The description herein of the Seventh Amendment is qualified in its entirety, and the terms are incorporated herein, by reference to the Seventh Amendment, the form of which is filed as Exhibits 10.1 hereto.

Item 9.01 Financial Statements and Exhibits (d) Exhibits.



10.1 Seventh Amendment to Amended and Restated Credit Agreement executed May 22,

2014.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters