Item 1.01 Entry into a Material Definitive Agreement.
On January 13, 2017, Anadarko Petroleum Corporation (“Anadarko”) entered into a First Amendment to the 364-Day Revolving Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and the additional lenders party thereto (collectively, the “Lenders”). The Amendment amends that certain 364-Day Revolving Credit Agreement, dated as of January 19, 2016, among Anadarko, as borrower, JPMorgan, as administrative agent, Wells Fargo Bank, National Association, as syndication agent, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank, N.A., and Mizuho Bank, Ltd., as co-documentation agents, and the additional lenders party thereto (as so amended, the “Credit Agreement”).
Among other things, the Amendment (i) extends the Maturity Date, as defined in the Credit Agreement, from January 18, 2017 to January 12, 2018, (ii) adds customary language to reflect European Union “bail-in” directive compliance language, and (iii) reflects the assignment and reallocation of commitments among the Lenders.
Affiliates of JPMorgan and certain of the additional Lenders have provided, and may in the future provide, investment and commercial banking and financial advisory services to Anadarko and its affiliates in the ordinary course of business, for which such affiliates have received and may continue to receive customary fees and commissions.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is hereby incorporated into this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
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10.1
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First Amendment to 364-Day Revolving Credit Agreement, dated January 13, 2017, among Anadarko Petroleum Corporation, JPMorgan Chase Bank, N.A., as administrative agent, and the additional lenders party thereto.
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