Loan & DebtJun 22, 2026, 05:32 PM
Infinity Natural Resources Amends Credit Agreement for Payments
AI Summary
Infinity Natural Resources, Inc., through its subsidiary INR Holdings, entered into the Fifth Amendment to its Credit Agreement on June 22, 2026. This amendment modifies the requirements and adds new permissions for making restricted payments under the Credit Agreement. Key changes include allowing up to $30,000,000 in other restricted payments annually and additional payments until December 31, 2026, both subject to specific financial conditions.
Key Highlights
- Fifth Amendment to Credit Agreement signed on June 22, 2026.
- Amends the Credit Agreement originally dated September 25, 2024.
- Modifies requirements for making certain restricted payments.
- Adds new permissions for making certain restricted payments.
- Allows other restricted payments up to $30,000,000 annually.
- Permits additional restricted payments until December 31, 2026.
- Payments are subject to conditions including 25.0% Available Commitment.
- Senior Secured Leverage Ratio must be less than or equal to 1.75 to 1.00 for some payments.
Price Impact
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