LILIS ENERGY INC. is switching gears to a sales process after a restructuring agreement with its investor fell through. The Permian Basin pure-play voluntarily filed for Chapter 11 on June 29, succumbing to bankruptcy following months of struggling to make debt payments. Concurrent with the Chapter 11 petitions, Lilis entered a restructuring support agreement (RSA) with affiliates of Varde Partners Inc. that if consummated was expected to reduce its debt by more than $34.9 million.
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机译:Lilis Energy Inc。在与投资者的重组协议下来后,将销售过程切换到销售过程。 纯净的纯粹戏剧在6月29日为第11章自愿提交,屈服于破产,在努力支付债务之后。 与第11章请愿书同时,Lilis进入了与Varde Partners Inc.的附属公司的重组支持协议(RSA)。如果预计会将其债务减少超过3490万美元。
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