Item 8.01 Other Events
As previously disclosed, on January 28, 2020, Sanchez Energy Corporation, the
financial institutions or other entities from time to time parties thereto as
lenders, and Wilmington Savings Fund Society, FSB, as administrative agent and
collateral agent, entered into an Amended and Restated Senior Secured
Debtor-in-Possession Term Loan Credit Agreement (the "Loan Agreement"), which,
among other things, provides for certain milestone dates which the Loan
Agreement provides may be extended with the consent of the Required Lenders (as
defined in the Loan Agreement). On March 16, 2020, as contemplated and permitted
by the Loan Agreement, the Required Lenders provided written notice of their
consent to an extension of the milestone date for the filing of an Acceptable
Plan of Reorganization (as defined in the Loan Agreement) (a "Plan") and the
related disclosure statement to March 17, 2020. On March 17, 2020, as
contemplated and permitted by the Loan Agreement, the Required Lenders provided
written notice of their consent to (i) a further extension of the milestone date
for the filing of a Plan and the related disclosure statement to March 19, 2020,
and (ii) an extension for the milestone date for the entry of an order approving
the disclosure statement to April 23, 2020 from the last reported extension to
April 20, 2020. On March 19, 2020, as contemplated and permitted by the Loan
Agreement, the Required Lenders provided written notice of their consent to (i)
a further extension of the milestone date for the filing of a Plan and the
related disclosure statement to March 20, 2020 and (ii) a further extension for
the milestone date for the entry of an order approving the disclosure statement
to April 24, 2020.
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