form_8-k.htm

 
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): March 31, 2010
 
 
Legacy Reserves LP
(Exact name of registrant as specified in its charter)
 
 





 
Delaware
1-33249
16-1751069
(State or other jurisdiction of
(Commission
(IRS Employer
incorporation)
File Number)
Identification No.)
     
 

 

 
303 W. Wall, Suite 1400
  
Midland, Texas
79701
(Address of principal executive offices)
(Zip Code)
 



 
Registrant’s telephone number, including area code: (432) 689-5200
 
 
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:
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 
 
 
 
 
 
Item 1.01 Entry into a Material Definitive Agreement.
 
Effective March 31, 2010, Legacy Reserves LP entered into an amendment (the “First Amendment”) to its amended and restated secured revolving credit facility dated March 27, 2009  (the “Credit Agreement”) with BNP Paribas as administrative agent and the other financial institutions parties thereto as lenders (the “Lenders”).  Pursuant to the First Amendment:

 
§
Our borrowing base under the Credit Agreement was increased from $340 million to $410 million.
 
§
We may at any time issue up to $250 million in aggregate principal amount of senior notes, subject to specified conditions (including that upon the issuance of such senior notes our borrowing base would be reduced by an amount equal to 25% of the stated principal amount of the senior notes, or $62.5 million if  $250 million of senior notes are issued).
 
§
Notwithstanding that a Lender (or its affiliate) is no longer a party to the Credit Agreement, any Lender (or its affiliate) which has entered into any hedging arrangement with us while a party to the Credit Agreement will continue to have our obligations under such hedging arrangement secured on a ratable and pari passu basis by the collateral securing our obligations under the Credit Agreement, the related loan documents and our other hedging arrangements.

A copy of the First Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit Number
Description
Exhibit 10.1
First Amendment to Credit Agreement dated March 27, 2009.
 

 
 
 
 
 
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.
 
 
Legacy Reserves LP
 
By: Legacy Reserves GP, LLC, its General Partner
  
       
Date: April 5, 2010
By:
/s/ Steven H. Pruett
  
   
Name: Steven H. Pruett
  
   
Title: President, Chief Financial Officer and Secretary
  
       
 

 
 
 
 
 
EXHIBIT INDEX
 
Exhibit Number
Description
Exhibit 10.1
First Amendment to Credit Agreement dated March 27, 2009.