Item 8.01 Other Events
As previously disclosed, on September 24, 2019, Sanchez Energy Corporation (the
"Company"), Wilmington Savings Fund Society, FSB, as agent (the "Agent"), and
the Required Lenders (as defined in the Loan Agreement (as defined below))
entered into an amendment (the "Amendment") to that certain Senior Secured
Debtor-in-Possession Term Loan Credit Agreement, dated as of August 16, 2019
(the "Loan Agreement"), by and between the Company, the Agent and the lenders
party thereto, which, among other things, provided for potential future
extensions of certain milestone dates set forth in the Loan Agreement with the
consent of the Required Lenders. On December 13, 2019, as contemplated and
permitted by the Amendment, the Required Lenders provided written notice of
their consent to further extensions of (i) the milestone date for the entry of a
final order of the United States Bankruptcy Court for the Southern District of
Texas authorizing the Company's and its subsidiary debtors' entry into the Loan
Agreement and the other transactions contemplated by the Loan Agreement to
January 23, 2020 from the last reported extension that expired on December 13,
2019 and (ii) the milestone date for the filing by the Company of an Acceptable
Plan of Reorganization (as defined in the Loan Agreement) and related disclosure
statement to January 23, 2020 from the last reported extension that expired on
December 13, 2019.
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