Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.19.1
Subsequent Events
3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
In the second quarter of 2019, we repaid $39.0 million under our Credit Agreement with CB based on changes in our borrowing base calculation which reduced credit available to us. The repayment was made with cash on hand. On May 7, 2019, we entered into a limited waiver letter with CB pursuant to which CB waived any default under the Credit Agreement as a result of our failure to comply with the fixed charge coverage ratio set forth in the Credit Agreement for the fiscal quarter ended March 31, 2019, as well as other administrative requirements.
We have reviewed all subsequent events and transactions that occurred after the date of our March 31, 2019 Condensed Consolidated Balance Sheet date, through the time of filing this Quarterly Report on Form 10-Q.