Current Report — Form 8-K Filing Table of Contents
Document/ExhibitDescriptionPagesSize 1: 8-K Current Report HTML 16K
2: EX-10.1 Securities Purchase Agreement HTML 480K
3: EX-10.2 Asset Sale Agreement HTML 153K
4: EX-10.3 Promissory Note by Greka Smv, Inc. HTML 12K
5: EX-99.1 News Release HTML 16K
Registrant’s telephone number, including area code: (212) 218-4680
Item 5.Other Events.
On July 1, 2002 GREKA Energy Corporation (“GREKA”) announced that it had institutionally placed $30 million of a secured credit
facility to conclude the debt restructuring and to close a material acquisition of oil and gas assets in Santa Maria, California within its Integrated Operations. Of the $30 million proceeds received on June 27, 2002, the Company paid $14.3 million
to GMAC Commercial Credit, LLC to retire its term loan, $12 million to Vintage Petroleum, Inc., and the balance toward working capital and closing costs. The Company executed a promissory note for the remaining $6 million purchase price owed to
Vintage Petroleum to be paid within twelve months.
The Securities Purchase Agreement, Asset Sale Agreement and
Promissory Note pertaining to these transactions are filed as Exhibits 10.1, 10.2 and 10.3 hereto, respectively, and the press release announcing these transactions is filed as Exhibit 99.1 hereto.
Item 7.Financial Statements and Exhibits.
(c) The following exhibits are furnished as part of this report:
Securities Purchase Agreement between GREKA Energy Corporation as borrower, certain of its affiliates as guarantors,
and Guggenheim Investment Management, LLC as collateral agent dated June 26, 2002.
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.