Hallador Energy amends credit agreement, adds back up to $10 million in PPA payments to EBITDA
Hallador Energy entered into a Third Amendment to its Credit Agreement with Texas Capital Bank as administrative agent on August 11, 2026. The amendment changes how EBITDA is defined, allowing certain power purchase agreement exclusivity payments received in the quarter ended June 30, 2026 to be added back, up to $10 million in aggregate.
Key points
- Amendment dated August 11, 2026, to the Credit Agreement originally dated March 5, 2026
- Permits add-back to EBITDA of PPA exclusivity payments received in the quarter ended June 30, 2026, capped at $10,000,000
- Texas Capital Bank serves as administrative agent; the full amendment is filed as Exhibit 10.1
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.