Lilis Energy announces new credit agreement conversion of lien term loan [Seeking Alpha]
LILIS ENERGY (LLEX)
Last lilis energy earnings: 11/7 05:24 pm
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US:NASDAQ Investor Relations:
investors.lilisenergy.com
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Source: Seeking Alpha
Lilis Energy (NYSEMKT: LLEX ) enters into a five-year, $500M credit agreement that provides for a senior secured reserve based revolving credit facility with an initial borrowing base of $95M The credit facility matures on October 10, 2023 Additionally, the Company announces exchange of ~$68M of existing second lien term debt for a combination of preferred and common equity. Concurrently, Lilis will issue an additional $25M tack-on to the existing Series C Preferred equity. LLEX reaffirms to remain on track to meet 2018 production exit rate of 8,000 boepd guidance Click to subscribe to real-time analytics on LLEX Now read: Lilis Energy: Lots Of Leverage Here And Potential Profits » Subscribe for full text news in your inbox
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