Key Energy amends loan, revising financial filing deadlines

By Sara Rosenberg

New York, July 31 - Key Energy Services Inc. amended its credit facility, revising financial delivery deadlines, eliminating the $100 million limitation on acquisitions and increasing the stock repurchase basket to $300 million from $250 million, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

The company now has until Aug. 31 to file its 2006 10-K and its 2005 and 2006 10-Qs, and until Oct. 31 to file its 2007 first and second quarter 10-Qs.

The amendment is effective as of July 27.

Lehman is the administrative agent on the deal.

Key Energy is a Houston rig-based, onshore well service company.

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