Item 5. Other Information
Item 5. Other Information
On November 9, 2021, the Company entered into the Eighth Amendment to the Senior Secured Credit Facility. The Eighth Amendment to the Senior Secured Credit Facility increases the borrowing base to $ 50 million and adds a hedging covenant whereby the Company must hedge from 25 to 75 percent of future production on a rolling twelve-month basis. The required hedging percentage is based on certain utilization percentages of the borrowing base of the Senior Secured Credit Facility and doesn’t apply until the borrowing base is 25 percent utilized. The Company has elected a $ 40 million commitment amount for the Senior Secured Credit Facility.
See Financial Statements - Note 18 - Subsequent Events under Part 1, Item 1 of this report for additional information concerning the Eighth Amendment to the Senior Secured Credit Facility.
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Item 6. Exhibits
A. Exhibits
10.1 Eig hth Amendment to Credit Agreement dated November 9 , 2021 , between Evolution Petroleum Corporation and Mid F irst Bank effective November 9 , 202 1 (filed here w ith )
31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
32.1 Certification of Chief Executive Officer pursuant to18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS Inline XBRL Instance Document
101.SCH Inline XBRL Taxonomy Extension Schema Document
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
EVOLUTION PETROLEUM CORPORATION
(Registrant)
By: /s/ Jason E. Brown
Jason E. Brown
President and Chief Executive Officer
Date: November 10, 2021
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.