HighPeak Energy amended covenants on both its revolving credit facility and its term loan, setting the Total Net Leverage Ratio at 2.25 to 1.00 for the fiscal quarter ending June 30, 2026. The moves, executed with Fifth Third Bank and Texas Capital Bank alongside participating lenders, are intended to provide short-term covenant flexibility while the company manages liquidity and operations. No other material terms were highlighted, and the underlying facilities remain in effect.
Agreement 1: HighPeak Energy Eases Revolver Covenant to 2.25x Net Leverage With Fifth Third Bank
- Agreement type: Amendment to Revolving Credit Agreement
- Counterparty: Fifth Third Bank and other lenders
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Reason: Provide temporary leverage covenant relief
Agreement 2: HighPeak Energy Amends Term Loan, Sets 2.25x Net Leverage With Texas Capital Bank
- Agreement type: Amendment to Term Loan Credit Agreement
- Counterparty: Texas Capital Bank; Chambers Energy Management; certain lenders
- Signed / Effective: Jun 25 2026 / Jun 25 2026
- Reason: Provide temporary leverage covenant relief
Original SEC Filing:
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