Item 1.01. Entry into a Material Definitive Agreement.
On December 20, 2018, Anadarko Petroleum Corporation (“Anadarko”) entered into a Fourth Amendment to Credit Agreement (the “Five-Year Credit Agreement Amendment”), with JPMorgan Chase Bank, N.A. (“JPMorgan”), as administrative agent, and the lenders party thereto from time to time. The Five-Year Credit Agreement Amendment amends that certain Revolving Credit Agreement dated as of June 17, 2014, among Anadarko, as borrower, JPMorgan, as administrative agent, and the additional lenders party thereto (as previously amended, the “Five-Year Credit Agreement”).
Among other things, the Five-Year Credit Agreement Amendment (i) extends the Maturity Date, as defined in the Five-Year Credit Agreement, from January 23, 2022 to January 23, 2023, (ii) adds two additionalone-year extension options, and (iii) reflects the assignment and reallocation of commitments among the Existing Lenders and the New Lender, each as defined in the Five-Year Credit Agreement Amendment.
Affiliates of JPMorgan and certain of the additional lenders have provided, and may in the future provide, investment and commercial banking and financial advisory services to Anadarko and its affiliates in the ordinary course of business, for which such affiliates have received and may continue to receive customary fees and commissions.
The foregoing description of the Five-Year Credit Agreement Amendment does not purport to be complete and is qualified in its entirety by reference to the Five-Year Credit Agreement Amendment filed as Exhibit 10.1 to this Current Report on Form8-K and incorporated into this Item 1.01 by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under anOff-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above hereby is incorporated into this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
2
