Prairie Operating Co. 8K

Prairie Operating Co. amended its credit agreement to add minimum production and enhanced liquidity/reporting covenants, adjust its current ratio tests, and provide broad lender releases, all effective as of June 30, 2026.

Prairie Operating Co. and its subsidiaries entered into a Third Amendment to their Amended and Restated Credit Agreement with Citibank, N.A., as administrative agent, and the syndicate lenders, effective as of June 30, 2026 (executed August 14, 2026). The amendment tightens and adds financial and operational reporting and covenant requirements, including (i) new minimum production covenants tied to specified monthly hydrocarbon production thresholds set forth in new Schedule 9.23 (with deemed volumes for certain prior months), (ii) revised quarterly minimum Current Ratio levels through and after 2026, and (iii) new obligations to deliver production compliance certificates and recurring 13‑week cash flow budgets and detailed accounts receivable aging reports on a bi‑weekly basis. The amendment also makes failure to comply with these new sections an event of default, adds related conditions precedent (including receipt of fee letters and payments), and includes broad releases and indemnities by the borrower and other credit parties in favor of the lenders, while confirming that all other loan documents remain in full force and effect under New York law.

Filing Facts

CIK

1162896

Ticker

-

Form

8K

Source Type

sec

Accession

0001140361-26-033264

Alert Tier

7