Lilis’s $100 Million Shares Offering

Bracewell represented Lilis in the sale of shares of a new series of its convertible preferred stock to certain private funds affiliated with Värde Partners, Inc. for gross proceeds of $100 million.

Lilis intends to fund the cash portion of the consideration for the OEP acquisition with proceeds from the preferred stock issuance.

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

Involved fees earner: Charles Still – Bracewell; Rebecca Keep – Bracewell; Tyler C. Lohse – Bracewell; Ryan Davis – Bracewell; Kathy Witty Medford – Bracewell; Michele Alexander – Bracewell;

Law Firms: Bracewell;

Clients: Lilis Energy Inc.;


Author: Ambrogio Visconti