Legacy Reserves LP
Description
Entered into privately negotiated exchange agreements with certain holders of the Issuers' 8% senior notes due 2020 and 6.625% senior notes due 2021, pursuant to which the issuers will exchange approximately $21 million aggregate principal amount of the 2020 senior notes for approximately $21 million aggregate principal amount of the Issuers' new 8% convertible senior notes due 2023 and approximately 105,000 shares of common stock, par value $0.01, of new legacy and $109 million aggregate principal amount of the 2021 senior notes for $109 million aggregate principal amount of new notes.