Item 8.01 Other Events
As previously disclosed, on January 28, 2020, Sanchez Energy Corporation, the
financial institutions or other entities from time to time parties thereto as
lenders, and Wilmington Savings Fund Society, FSB, as administrative agent and
collateral agent, entered into an Amended and Restated Senior Secured
Debtor-in-Possession Term Loan Credit Agreement (the "Loan Agreement"), which,
among other things, provides for certain milestone dates which the Loan
Agreement provides may be extended with the consent of the Required Lenders (as
defined in the Loan Agreement). On March 20, 2020, as contemplated and permitted
by the Loan Agreement, the Required Lenders provided written notice of their
consent to an extension of the milestone date for the filing of an Acceptable
Plan of Reorganization (as defined in the Loan Agreement) (a "Plan") and the
related disclosure statement to March 23, 2020 from the last reported extension,
which expired on March 20, 2020. On March 23, 2020, March 24, 2020 and March 25,
2020 the Required Lenders provided written notice of their consent to further
extensions of the milestone date for the filing of a Plan and the related
disclosure statement to March 24, 2020, March 25, 2020 and March 26, 2020,
respectively.
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