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Magnum Hunter Resources RSA Amended

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Magnum Hunter Resources filed with the U.S. Bankruptcy Court a fourth amendment to its restructuring support agreement (RSA).

According to documents filed with the Court, “The Required Amendment Parties desire to amend the Restructuring Support Agreement to modify certain Milestones as provided in this Amendment; Section 4 of the Restructuring Support Agreement permits the Debtors to extend a Milestone with the express prior written consent of the Majority Second Lien Backstoppers and the Majority Noteholder Backstoppers; Section 26 of the Restructuring Support Agreement permits modifications, amendments, or supplements to the Restructuring Support Agreement with the consent of the Required Amendment Parties.”

Court-filed documents continue, “Section 4(j) of the Restructuring Support Agreement is hereby deleted in its entirety and replaced with the following: no later than May 6, 2016, the Debtors shall consummate the transactions contemplated by the Plan (the date of such consummation, the ‘Effective Date’), it being understood that the Debtors’ entry into the Exit Facility and the satisfaction of the conditions precedent to the Effective Date shall be conditions precedent to the occurrence of the Effective Date.”

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