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):  May 20, 2016 (May 18, 2016)

 

Ring Energy, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada 001-36057 90-0406406
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

 

901 West Wall St. 3rd Floor

Midland, TX

79702
(Address of principal executive offices) (Zip Code)

 

(432) 682-7464

(Registrant’s 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 (see General Instruction A.2. below):

 

¨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))

 

 

 

  

  

Section 1 – Registrant’s Business and Operations

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On May 18, 2016, Ring Energy, Inc. (the “Company”), its Lenders, and SunTrust Bank, as Administrative Agent for the Lenders and as Issuing Bank, entered into a Third Amendment (“Amendment”) to its existing Credit Agreement dated as of July 1, 2014, as amended by that certain First Amendment to Credit Agreement, dated as of June 26, 2015 and Second Amendment to Credit Agreement, dated as of July 24, 2015 (as amended by this Amendment and as further amended, modified or restated from time to time, the “Credit Agreement”).

 

The Amendment decreases the Borrowing Base under the Credit Agreement to $60,000,000 effective as of May 18, 2016. The Amendment also adds provisions to the Credit Agreement to address the requirements now applicable to Lenders who are EEA Financial Institutions with respect to the Bail-In Legislation referenced therein.

 

Except as changed by the Amendment, all of the terms and conditions of the Credit Agreement remain in full force and effect.

 

The foregoing description of the Amendment is qualified in its entirety by reference to the Third Amendment to the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference. Capitalized terms used and not otherwise defined in this Form 8-K have the meanings given to them in the Credit Agreement.

 

Section 9 – Financial Statements and Exhibits

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

 

Exhibit No. Title of Document
   
10.1 Third Amendment to Credit Agreement, dated as of May 18, 2016.

 

 

 

 

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.

 

 

  Ring Energy, Inc.
   
   
Date: May 20, 2016 By: /s/ William R. Broaddrick
    William R. Broaddrick
    Chief Financial Officer