CIMAREX ENERGY CO : Entry into a Material Definitive Agreement, Material Modification to Rights of Security Holders, Financial Statements and Exhibits (form 8-K)

Published: 2021-10-07 17:03:08 ET XEC

Item 1.01 Entry into a Material definitive agreement.

On October 7, 2021 (the "Settlement Date"), Coterra Energy Inc. (formerly Cabot Oil & Gas Corporation) ("Coterra") completed its previously announced (i) private offers to eligible holders to exchange (each, an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding notes of certain series issued by Cimarex Energy Co. ("Cimarex") (the "Cimarex Notes") for (1) new notes issued by Coterra and (2) cash, and (ii) related consent solicitations (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") made by Cimarex to adopt certain amendments (the "Amendments") to each of the indentures governing the Cimarex Notes (the "Cimarex Indentures"). Pursuant to the Exchange Offers and Consent Solicitations, the aggregate principal amounts of the Cimarex Notes set forth in the table below were validly tendered and subsequently accepted. Such accepted Cimarex Notes will be retired and canceled and will not be reissued. Following such cancellation, the aggregate principal amounts of the Cimarex Notes set forth below will remain outstanding.

Prior to the settlement of the Exchange Offers and Consent Solicitations and upon receipt of the requisite consents to adopt the Amendments with respect to each series of Cimarex Notes, the following supplemental indentures (collectively, the "Supplemental Indentures") were executed, eliminating certain of the covenants, restrictive provisions and events of default under the Cimarex Indentures:

(i) Second Supplemental Indenture, dated September 21, 2021, between Cimarex, as issuer, and U.S. Bank National Association, as trustee (in such capacity, the "2014 Indenture Trustee"), amending that certain Indenture, dated June 4, 2014, between Cimarex and the 2014 Indenture Trustee, as supplemented by that certain First Supplemental Indenture, dated June 4, 2014, between Cimarex and the 2014 Indenture Trustee, pursuant to which Cimarex issued its 4.375% Senior Notes due 2024; and

(ii) Third Supplemental Indenture, dated September 21, 2021, between Cimarex, as issuer and the U.S. Bank National Association, as trustee (in such capacity, the "2017 Indenture Trustee"), amending that certain Indenture, dated April 10, 2017, between Cimarex and the 2017 Indenture Trustee, as supplemented by that certain First Supplemental Indenture, dated April 10, 2017, between Cimarex and the 2017 Indenture Trustee, pursuant to which Cimarex issued its 3.90% Senior Notes due 2027 and that certain Second Supplemental Indenture, dated March 8, 2019, between Cimarex and the 2017 Indenture Trustee, pursuant to which Cimarex issued its 4.375% Senior Notes due 2029.

The Amendments became operative upon the Settlement Date. The foregoing summary of the Supplemental Indentures does not purport to be complete and is qualified in its entirety by reference to the full text of the Supplemental Indentures, copies of which are filed as Exhibits 10.1 and 10.2 and are incorporated herein by reference.

Item 3.03 Material Modification to the Rights of Security Holders.

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 financial statements and Exhibits