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 7, 2020, as contemplated and permitted
by the Loan Agreement, the Required Lenders provided written notice of their
consent to an extension of the milestone dates (i) for the filing of an
Acceptable Plan of Reorganization (as defined in the Loan Agreement) and the
related disclosure statement to March 16, 2020 from March 9, 2020 and (ii) for
the entry of an order approving the disclosure statement to April 20, 2020 from
April 13, 2020.
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