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
October 13, 2015
Date of report (Date of earliest event reported)
| STONE ENERGY CORPORATION |
| (Exact Name of Registrant as Specified in Charter) |
| Delaware | 1-12074 | 72-1235413 | |||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | |||
625 E. Kaliste Saloom Road Lafayette, Louisiana | 70508 |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (337) 237-0410 | |
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:
| [ ] | 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)) |
Item 7.01. Regulation FD Disclosure.
On October 13, 2015, we issued a press release announcing that the borrowing base under our credit facility was reaffirmed at $500 million following our lenders' scheduled semi-annual redetermination process. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.
In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 8.01. Other Events.
On October 13, 2015, we received notice from our bank group that the borrowing base under our bank credit facility will remain at $500 million. The borrowing base under our bank credit facility is redetermined periodically based on the bank group's evaluation of the estimated loan value of our oil and gas properties and those of our subsidiaries that guarantee the bank credit facility. On October 13, 2015, we had no outstanding borrowings under the bank credit facility and $19.2 million in letters of credit outstanding, leaving $480.8 million of borrowings available under our bank credit facility.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
| 99.1 | Press release dated October 13, 2015, “Stone Energy Corporation Announces Borrowing Base Reaffirmed at $500 Million” |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, Stone Energy Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STONE ENERGY CORPORATION
| Date: October 13, 2015 | By: | /s/ Lisa S. Jaubert | |
Lisa S. Jaubert Senior Vice President, General Counsel and Secretary | |||
EXHIBIT INDEX
| Exhibit Number | Description |
| 99.1 | Press release dated October 13, 2015, “Stone Energy Corporation Announces Borrowing Base Reaffirmed at $500 Million” |