SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 5, 2016
CHAPARRAL ENERGY, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
| 333-134748 |
| 73-1590941 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
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| 701 Cedar Lake Boulevard Oklahoma City, OK |
| 73114 |
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| (Address of principal executive offices) |
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Registrant's telephone number, including area code: (405) 478-8770
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure.
Chaparral Energy, Inc. (the “Company”) is making the disclosure herein of certain material non-public information (the “Updated Term Sheet”), which it received in connection with confidential discussions that have taken place between certain holders of the Company’s senior notes (collectively, the “Noteholders”) and certain lenders under its credit facility (collectively, the “Lenders”) and their respective financial advisers regarding a potential refinancing or restructuring of the Company’s debt. The Updated Term Sheet was presented to the Noteholders on behalf of certain Lenders in advance of such discussions. The Updated Term Sheet is attached in Exhibit 99.1 hereto.
The Company has been informed that the Noteholders have rejected the proposal contemplated under the Updated Term Sheet, but that discussions among the Lenders and the Noteholders with respect to a potential refinancing or restructuring of the Company’s debt are expected to continue.
This current report on Form 8-K, including Exhibit 99.1, does not and will not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This information in this current report on Form 8-K is being furnished pursuant to and in accordance with Rule 135c under the Securities Act.
As provided in General Instruction B.2 of Form 8-K, the information in this Item 7.01 and the exhibit furnished hereunder shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
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99.1 |
| Updated Term Sheet |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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July 5, 2016 |
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| By: |
| /s/ JOSEPH O. EVANS | |
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| Name: |
| Joseph O. Evans |
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| Title: |
| Chief Financial Officer and Executive Vice President |
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Exhibit Number |
| Description |
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99.1 |
| Updated Term Sheet |
