Current Report Filing (8-k)
May 06 2014 - 4:27PM
Edgar (US Regulatory)
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): May 6, 2014
Constellation Energy Partners LLC
(Exact name of registrant as specified in its charter)
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Delaware
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001-33147
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11-3742489
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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1801 Main Street, Suite 1300
Houston, TX
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77002
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (832) 308-3700
Not applicable
(Former name or former address, if changed since last report.)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
Borrowing Base Redetermination
On May 6, 2014, Constellation Energy Partners LLC reported that its lenders have completed a semi-annual review of the company’s borrowing base pursuant to the terms of its reserve-based credit facility. Based on this review, the borrowing base has been increased from $55.0 million to $70.0 million.
Borrowings outstanding under the company’s reserve based credit facility currently total approximately $52.0 million, leaving the company with approximately $18.0 million in borrowing capacity. The company maintained $2.9 million in cash and equivalents as of May 5, 2014.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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1
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Exhibit Number
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Description
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99.1
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Press Release dated May 6, 2014.
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SIGNATURES
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.
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CONSTELLATION ENERGY PARTNERS LLC
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Date: May 6, 2014
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By:
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/s/ Charles C. Ward
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Charles C. Ward
Chief Financial Officer and Treasurer
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EXHIBIT INDEX
1
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Exhibit
Number
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Description
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99.1
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Press Release May 6, 2014.
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