Current Report Filing (8-k)
October 23 2017 - 04:40PM
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): October 19, 2017
RSP PERMIAN, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-36264
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90-1022997
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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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3141 Hood Street, Suite 500
Dallas, Texas 75219
(Address of Principal Executive Offices)
(Zip Code)
(214)
252-2700
(Registrants Telephone Number, Including Area Code)
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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☐
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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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☐
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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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Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule
12b-2
of the Exchange Act (17 CFR
240.12b-2).
Emerging growth company ☐
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. ☐
Item 1.01
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Entry into a Material Definitive Agreement.
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On October 19, 2017, RSP Permian, Inc.
(the Company), RSP Permian, L.L.C. (the Borrower), the lenders party thereto (the Lenders) and JPMorgan Chase Bank, N.A., as administrative agent (the Administrative Agent), entered into a First
Amendment (the Credit Agreement Amendment) to that certain Credit Agreement dated as of December 19, 2016, by and among the Company, the Borrower, the Lenders and the Administrative Agent (the Credit Agreement).
The Credit Agreement Amendment (a) amended the Credit Agreement to, among other matters, decrease the applicable margins for interest
rates applicable to amounts outstanding under the Credit Agreement from a range of 200 to 300 basis points above the applicable reference rate for Eurodollar loans and 100 to 200 basis points above the applicable reference rate for alternate base
rate loans to ranges of 150 to 250 basis points for Eurodollar loans and 50 to 150 basis points for alternate base rate loans and (b) increased the borrowing base under the Credit Agreement from $1,100,000,000 to $1,500,000,000.
The above disclosure contained in this Item 1.01 does not purport to be a complete description of the Credit Agreement Amendment and is
qualified in its entirety by reference to the Credit Agreement Amendment, which is filed as Exhibit 10.1 hereto and which is incorporated herein by reference.
Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance
Sheet Arrangement of a Registrant.
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The information contained in Item 1.01 above is incorporated herein by reference.
Item 9.01
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Financial Statements and Exhibits.
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(d)
Exhibits
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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RSP PERMIAN, INC.
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By:
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/s/ James E. Mutrie
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James E. Mutrie
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General Counsel and Vice President
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Dated: October 23, 2017
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