UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
On August 24, 2023, PDC Energy, Inc. (“PDC Energy” or “we”) announced that it issued a notice of redemption (the “Notice”) to the holders of its 5.750% Senior Notes due 2026 (the “Notes”) issued under the indenture, dated as of November 29, 2017 (as amended and supplemented through the date hereof, the “Indenture”), among PDC Energy, PDC Permian, Inc., and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee.
The Notice provides information relevant to the holders of the Notes, including, among other things, that:
| • | We will redeem all of the outstanding Notes on May 15, 2024 (the “Redemption Date”); and |
| • | The redemption price for the Notes to be redeemed shall be equal to 100.000% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to the Redemption Date. |
In addition, on the day that we issued the Notice, we satisfied and discharged the Notes and the Indenture pursuant to the terms of the Indenture. Following completion of the satisfaction and discharge, we are no longer required to comply with the covenants of the Indenture, including, but not limited to, the requirement to file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K with the Securities and Exchange Commission.
The information presented above is being furnished pursuant to Item 7.01 of this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities and Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: August 24, 2023
| PDC ENERGY, INC. | ||
| By | /s/ Kari H. Endries | |
| Name: | Kari H. Endries | |
| Title: | Vice President and Assistant Secretary | |