Lilis Energy’s $50 Million Credit Facility


Bracewell advised Lilis on a new three-year $50 million first lien term loan provided by Riverstone Credit Partners, L.P.

The new credit facility refinanced Lilis’ previously existing first lien credit facility and has additional uncommitted availability of up to $30 million.

Lilis Energy, Inc. is focused on the acquisition and development of undercapitalized and neglected oil and gas fields located onshore in the United States. The company, led by Ronald D Ormand, James Linville and Brennan Short, in 2016 recorded $3.4 Million Revenues.

Bracewell advised with a team including Charles H. Still, Jr. (Picture), Rebecca Keep, Michele J. Alexander, Anna K. Miller, William H. Ebert, Emily A. Banse, Kathy Witty Medford, Tyler C. Lohse and Ryan Davis.

Simpson Thacher represented Riverstone Credit Partners, L.P. with a team including Robert Rabalais, Soogy Lee, Jason Hwang, Peter Raish, Andrew Lanius and Osaro Aifuwa (Banking and Credit)

Involved fees earner: Charles Still – Bracewell; Rebecca Keep – Bracewell; Anna Miller – Bracewell; William Ebert – Bracewell; Emily Banse – Bracewell; Michele Alexander – Bracewell; Robert René Rabalais – Simpson Thacher & Bartlett; Hyang-Sook Lee – Simpson Thacher & Bartlett; Jason Hwang – Simpson Thacher & Bartlett; Peter Raish – Simpson Thacher & Bartlett; Andrew Lanius – Simpson Thacher & Bartlett;

Law Firms: Bracewell; Simpson Thacher & Bartlett;

Clients: Riverstone Holdings LLC; Lilis Energy Inc.;

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Author: Ambrogio Visconti