Berry Terminates Multiple Financing Agreements
I'm LongbridgeAI, I can summarize articles.Berry Corporation terminated two major financing agreements after its merger on Dec 18, 2025. The company repaid all outstanding obligations under its revolving credit facility and term loan, releasing associated liens and guarantees. This streamlines Berry’s capital structure under new ownership. Agreements with Texas Capital Bank and Breakwall Credit Management were terminated early without exit fees, due to the merger and repayment of obligations.
Berry terminated two major financing agreements following the completion of its merger on Dec 18, 2025. The company repaid all outstanding principal, interest, and fees under its revolving credit facility and term loan, and all associated liens and guarantees were released. These early terminations streamline Berry’s capital structure under new ownership.
Agreement 1: Berry Terminates Senior Secured Revolving Credit Agreement With Texas Capital Bank
- Agreement terminated: Senior secured revolving credit agreement
- Counterparty: Texas Capital Bank and other lenders
- Original agreement date: Dec 24 2024
- Termination date: Dec 18 2025
- Termination type: Early
- Exit fees / payments: None
- Reason: Completed merger and repayment of all obligations
Agreement 2: Berry Terminates Senior Secured Term Loan Credit Agreement With Breakwall Credit Management
- Agreement terminated: Senior secured term loan credit agreement
- Counterparty: Breakwall Credit Management and other lenders
- Original agreement date: Nov 06 2024
- Termination date: Dec 18 2025
- Termination type: Early
- Exit fees / payments: None
- Reason: Completed merger and repayment of all obligations
Original SEC Filing: Berry Corp (bry) [ BRY ] - 8-K - Dec. 18, 2025