Form 8-K - Current report
24 October 2024 - 7:13AM
Edgar (US Regulatory)
0001944558FALSE00019445582024-10-222024-10-22
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________________
FORM 8-K
________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):10/22/2024
________________________
Vitesse Energy, Inc.
(Exact name of registrant as specified in its charter)
________________________
| | | | | | | | | | | | | | |
Delaware | | 001-41546 | | 88-3617511 |
(State or other jurisdiction of incorporation or organization) | | (Commission File Number) | | (IRS. Employer Identification No.) |
| | | | | | | | |
5619 DTC Parkway, Suite 700 Greenwood Village, Colorado | | 80111 |
(Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (720) 361-2500
________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2, below):
| | | | | |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Exchange Act:
| | | | | | | | | | | | | | |
Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | | VTS | | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 1.01 Entry into a Material Definitive Agreement
On October 22, 2024, Vitesse Energy, Inc. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to its Second Amended and Restated Credit Agreement, as amended from time to time, among the Company, as borrower, Wells Fargo Bank, N.A., as administrative agent, and the lenders party thereto, dated as of January 13, 2023. Pursuant to the Credit Agreement Amendment, the Company’s semi-annual borrowing base redetermination was completed and, among other things: (i) the maturity date was extended to a date that is four years following the effective date of the Credit Agreement Amendment, (ii) the borrowing base was reaffirmed at $245 million (iii) the elected commitment amount was decreased from $245 million to $235 million and (iv) the definition of the term “Applicable Margin” was amended to reduce the rates in the Utilization Grid for SOFR Loans and ABR Loans (as each of those terms is defined in the Credit Agreement) by 0.25%.
The foregoing description of the Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement Amendment, which will be attached as an exhibit to the Company’s quarterly report on Form 10-Q for the quarter ended September 30, 2024.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information contained in Item 1.01 of this Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits
(d)
| | | | | | | | |
Exhibit Number | | Description |
| | |
| | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | |
Date: October 23, 2024 | VITESSE ENERGY, INC. |
| |
| /s/ James P. Henderson |
| James P. Henderson |
| Chief Financial Officer |
v3.24.3
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Oct. 22, 2024 |
Cover [Abstract] |
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Document Type |
8-K
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Document Period End Date |
Oct. 22, 2024
|
Entity Registrant Name |
Vitesse Energy, Inc.
|
Entity Incorporation, State or Country Code |
DE
|
Entity File Number |
001-41546
|
Entity Tax Identification Number |
88-3617511
|
Entity Address, Address Line One |
5619 DTC Parkway,
|
Entity Address, Address Line Two |
Suite 700
|
Entity Address, City or Town |
Greenwood Village,
|
Entity Address, State or Province |
CO
|
Entity Address, Postal Zip Code |
80111
|
City Area Code |
(720)
|
Local Phone Number |
361-2500
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Common Stock, par value $0.01 per share
|
Trading Symbol |
VTS
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Security Exchange Name |
NYSE
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