Legacy Reserves Inc fka LGCYQ

[m0n]

Something else to consider, DIP Financing has been approved.

NEW $100 milly loan plus on going operations will create “ample liquidity” during CH 11.

What I like is the wording:

“There are no provisions in the Global RSA that prevent solicitation of additional proposals, and as a result, the Company and its advisors invite any interested parties to make offers or bid on the Company at levels which could be competitive to the terms of the Global RSA”

With debt restructured for equity in CH 11, assets over $1 billion, this looks extremely attractive for a merger in IMO

$LGCYQ