Hallador Energy updates EBITDA terms in loan agreement
Hallador Energy Company entered into a Third Amendment to its Credit Agreement with Texas Capital Bank, as administrative agent, and the participating lenders.
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Rhea-AI Filing Summary
Hallador Energy Company entered into a Third Amendment to its Credit Agreement with Texas Capital Bank, as administrative agent, and the participating lenders. The amendment changes the definition of EBITDA to allow Hallador to add back to EBITDA certain payments received by the company or its restricted subsidiaries under power purchase agreement exclusivity agreements during the fiscal quarter ended June 30, 2026, in an aggregate amount not to exceed $10,000,000. This modification affects how EBITDA is calculated for purposes of the existing credit facility’s terms and covenants.
8-K Event Classification
Key Figures
Key Terms
Material Definitive Agreement regulatory
Credit Agreement financial
EBITDA financial
power purchase agreement exclusivity agreements technical
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Hallador Energy Company (HNRG) change in its credit agreement?
How much can Hallador Energy (HNRG) add back to EBITDA under the new amendment?
Which parties are involved in Hallador Energy’s (HNRG) Third Amendment to the Credit Agreement?
What type of agreements are referenced in the new EBITDA definition for HNRG?
Does Hallador Energy’s (HNRG) 8-K report any new off-balance sheet obligations?
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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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).
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Item 1.01 – Entry into a Material Definitive Agreement
On August 11, 2026, Hallador Energy Company (the “Company”) entered into a Third Amendment to Credit Agreement (the “Third Amendment”), by and among the Company, Texas Capital Bank, as administrative agent (the “Administrative Agent”), and the lenders party thereto (the “Lenders”), which amends the Credit Agreement, dated as of March 5, 2026, among the Company, the Administrative Agent and the Lenders party thereto (as amended by the First Amendment, the Second Amendment, and as further amended by the Third Amendment, the “Credit Agreement”).
The Third Amendment modifies the definition of "EBITDA" set forth in the Credit Agreement to, among other things, permit the Company to add back to EBITDA certain payments received by the Company or its restricted subsidiaries in respect of power purchase agreement exclusivity agreements during the fiscal quarter ended June 30, 2026, in an aggregate amount not to exceed $10,000,000.
The foregoing description of the Amendment is a summary, and does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 2.03 Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is hereby incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description |
10.1 | Third Amendment to Credit Agreement dated as of August 11, 2026. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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.
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| Hallador Energy Company |
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August 14, 2026 | By: | /s/ERIC VAN DEMAN |
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| Eric Van Deman Chief Accounting Officer |
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