Wells Fargo Agents Up to $100MM DIP for Legacy Reserves

Legacy Reserves has executed a global restructuring support agreement with its lenders. Wells Fargo is serving as administrative agent for up to $100 million in DIP financing.

Cortland Capital Upsizes Legacy Facility to $400MM

Legacy Reserves amended its second lien term loan, with Cortland Capital Market Services serving as both administrative and second lien collateral agent and GSO Capital Partners acting as a lender. Legacy increased the aggregate commitments to $400 million.

GSO Provides Legacy Reserves Term Loan, Downsizes Revolver

Legacy Reserves executed a second lien term loan credit agreement with GSO Capital Partners to provide loans in an aggregate amount up to $300 million.