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.
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.
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.