11/01/2024 | Press release | Distributed by Public on 11/01/2024 14:06
Item 1.01 Entry into a Material Definitive Agreement.
In connection with the Investment Grade Date Event (as defined below), on October 28, 2024, Expand Energy Corporation ("Expand Energy" or the "Company") entered into (i) the Tenth Supplemental Indenture, by and between the Company and Regions Bank (as successor in interest to U.S. Bank National Association), as trustee, to the Indenture dated as of January 23, 2015, as supplemented by the First Supplemental Indenture dated as of January 23, 2015 (which governs the 4.950% Senior Notes due 2025 (the "2025 Notes")) and as further supplemented to date with respect to the 2025 Notes (the "2025 Indenture"), (ii) the Tenth Supplemental Indenture, by and between the Company and U.S. Bank Trust Company, National Association, as trustee, to the Indenture, dated as of September 25, 2017, as supplemented by the Fourth Supplemental Indenture, dated as of August 27, 2020 (which governs the 8.375% Senior Notes due 2028 (the "2028 Notes")) and as further supplemented to date with respect to the 2028 Notes (the "2028 Indenture"), (iii) the Ninth Supplemental Indenture, by and between the Company and Regions Bank, as trustee, to the Indenture dated as of August 30, 2021, as supplemented by the First Supplemental Indenture (which governs the 5.375% Senior Notes due 2030 the ("2030 Notes")), the Second Supplemental Indenture (which governs the 5.375% Senior Notes due 2029 (the "2029 Notes")) and the Fourth Supplemental Indenture (which governs the 4.750% Senior Notes Due 2032 (the "2032 Notes")) as further supplemented to date with respect to the 2030 Notes, the 2029 Notes and the 2032 Notes (the "2030 Indenture"), (iv) the Fourth Supplemental Indenture, by and between the Company and Deutsche Bank Trust Company Americas, as trustee, to the Indenture dated as of February 5, 2021 (which governs the 5.500% Senior Notes due 2026 and the 5.875% Senior Notes due 2029) as further supplemented to date (the "2026 Indenture"), and (v) the Sixth Supplemental Indenture, by and between the Company and Wilmington Trust, National Association, a national banking association, as trustee, to the Indenture dated as of April 7, 2021 (which governs the 6.750% Senior Notes due 2029) as further supplemented to date (the "2029 Indenture," together with the 2025 Indenture, the 2028 Indenture, the 2030 Indenture and the 2026 Indenture, the "Indentures") (collectively, the "Supplemental Indentures"), pursuant to which each subsidiary guarantor party thereto was released of all of its obligations under its guarantee of the Company's obligations under each of the Indentures.
Additionally, as a result of the Investment Grade Date Event, under the 2026 Indenture and the 2029 Indenture, certain restrictive covenants under the 2026 Indenture and the 2029 Indenture are no longer in effect upon the Company.
The foregoing description of each of the Supplemental Indentures does not purport to be complete and is qualified in its entirety by reference to copies of each of the Supplemental Indentures, which are attached hereto as Exhibits 4.1, 4.2, 4.3, 4.4 and 4.5, respectively, and incorporated herein by reference.