BONANZA CREEK ENERGY, INC. : Other Events (form 8-K)

Published: 2021-10-22 17:03:08 ET BCEI

Item 8.01 Other Events.

Litigation Related to the Extraction merger

Litigation Relating to the Mergers (see page 152)

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For additional information, see the section entitled "The Extraction Merger - Litigation Relating to the Mergers."

The disclosure on page 88 of the joint proxy statement/prospectus is hereby supplemented by adding the following before the first sentence of the last paragraph on the page as follows:

The disclosure on page 94 of the joint proxy statement/prospectus is hereby supplemented by adding the following paragraph after the first full paragraph on the page as follows:

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(1) Adjusted EBITDA is defined as earnings before interest, taxes, depreciation,

considered as a substitute for net income (loss), operating income (loss) or

other measures prepared in accordance with GAAP. The table below presents

additional prospective financial information regarding Extraction used in the

(2) Levered free cash flow is defined as discretionary cash flow minus capital

expenditures and does not include cash inflows or outflows related to changes

in net working capital. Levered free cash flow is not a measure of financial

performance under GAAP. Accordingly, it should not be considered as a

substitute for net income (loss), operating income (loss) or other measures

prepared in accordance with GAAP. The table below presents additional

prospective financial information regarding Extraction used in the forecast

of Levered Free Cash Flow. The line item for "Other" in the table below