UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): November 5, 2020 (
(Exact name of registrant specified in its charter)
| (State or Other Jurisdiction | (Commission | (I.R.S. Employer | ||
| Of Incorporation) | File Number) | Identification No.) |
| | |
| (Address of principal executive offices) | (Zip Code) |
(Registrant’s telephone number, including area code)
| (Former name or former address, if changed since last report.) |
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 (see General Instruction A.2. below):
| 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)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On November 2, 2020, the Company elected to enter into a 30-day grace period and defer making the interest payment due November 2, 2020 with respect to its 6.625% senior unsecured notes due 2023 (the “2023 Notes”) while it continues ongoing constructive discussions with its lenders and certain other stakeholders regarding a potential comprehensive financial restructuring to strengthen the Company’s balance sheet and financial position. Pursuant to the indenture for the 2023 Notes dated April 21, 2015 (the “Indenture”), the Company has 30 days to make such interest payment prior to such deferral becoming an “Event of Default” under the Indenture.
1
SIGNATURES
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: November 5, 2020 | GULFPORT ENERGY CORPORATION | |||||||
| By: | /s/ Patrick K. Craine | |||||||
| Name: | Patrick K. Craine | |||||||
| Title: | General Counsel and Corporate Secretary | |||||||
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Document And Entity Information |
Nov. 02, 2020 |
|---|---|
| Document Information Line Items | |
| Entity Registrant Name | Gulfport Energy Corporation |
| Trading Symbol | GPOR |
| Document Type | 8-K |
| Amendment Flag | false |
| Entity Central Index Key | 0000874499 |
| Document Period End Date | Nov. 02, 2020 |
| Entity Emerging Growth Company | false |
| Entity Incorporation, State or Country Code | DE |
| Entity File Number | 000-19514 |
| Entity Tax Identification Number | 73-1521290 |
| Entity Address, Address Line One | 3001 Quail Springs Parkway |
| Entity Address, City or Town | Oklahoma City |
| Entity Address, State or Province | OK |
| Entity Address, Postal Zip Code | 73134 |
| City Area Code | (405) |
| Local Phone Number | 252-4600 |
| Entity Information, Former Legal or Registered Name | NOT APPLICABLE |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common stock, par value $0.01 per share |
| Security Exchange Name | NASDAQ |