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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
June 26, 2002
(Date of earliest event reported)
CALLON PETROLEUM COMPANY
(Exact name of registrant as specified in its charter)
DELAWARE 001-14039 64-0844345
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
200 NORTH CANAL ST.
NATCHEZ, MISSISSIPPI 39120
(Address of principal executive offices, including zip code)
(601) 442-1601
(Registrant's telephone number, including area code)
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ITEM 1. CHANGES IN CONTROL OF REGISTRANT
Not applicable
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
Not applicable
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS
Not applicable
ITEM 5. OTHER EVENTS
On June 26, 2002, Callon Petroleum Company ("CALLON") entered into a First
Supplemental Indenture that amends the Indenture between Callon and American
Stock Transfer & Trust Company dated July 31, 1997 (as amended, the
"INDENTURE"). Currently, $36 million in aggregate principal amount of Callon's
10.125% Senior Subordinated Notes due 2002 ("2002 NOTES") are outstanding under
the Indenture. The Indenture was amended to reduce the EBITDA to interest
expense ratio that Callon must meet in order to incur additional indebtedness
from 2.4 -- 1.0 to 1.1 -- 1.0. This amendment of the Indenture permitted Callon
Petroleum Company to enter into a new bank credit facility with its senior
lenders.
Holders of Callon's 2002 Notes that consented to the amendment to the Indenture
also agreed to amend $15.9 million in aggregate principal amount of 2002 Notes
to extend the maturity of such notes until July 31, 2004.
In addition, Callon made the press release attached hereto as Exhibit 99.1 on
July 9, 2002, announcing that it has completed the financing necessary to fund
its debt maturities and anticipated capital expenditures in 2002 and 2003.
ITEM 6. RESIGNATION OF REGISTRANT'S DIRECTORS
Not applicable
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibits
EXHIBIT NUMBER TITLE OF DOCUMENT
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4.1 First Supplemental Indenture, dated June 26,
2002, to Indenture between Callon Petroleum
Company and American Stock Transfer & Trust
Company dated July 31, 1997.
99.1 Callon Petroleum Company's Press Release
dated July 9, 2002.
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable
ITEM 9. REGULATION FD DISCLOSURE
Not applicable
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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.
CALLON PETROLEUM COMPANY
July 9, 2002 By: /s/ James O. Bassi
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James O. Bassi
Vice President and Controller
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EXHIBIT INDEX
EXHIBIT NUMBER TITLE OF DOCUMENT
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4.1 First Supplemental Indenture, dated June 26,
2002, to Indenture between Callon Petroleum
Company and American Stock Transfer & Trust
Company dated July 31, 1997.
99.1 Callon Petroleum Company's Press Release
dated July 9, 2002.
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