Vanguard Natural Resources (VNR) Makes Interest Payment on Senior Notes; Enters Limited Waiver w/ First Lien Lenders
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Vanguard Natural Resources, LLC Announces Interest Payment Made on its Senior Notes and Entering Into Limited Waiver on its Credit Facility with First Lien Lenders
October 26, 2016 5:00 PM EDTHOUSTON, Oct. 26, 2016 (GLOBE NEWSWIRE) -- Vanguard Natural Resources, LLC (NASDAQ: VNR) (Vanguard or the Company) today announced it made the approximate $15 million semi-annual interest payment on its 7.875% Senior Notes due 2020 (the Notes). In addition, the Company entered into a Limited Waiver and Eleventh Amendment (the Waiver and Eleventh Amendment) to its reserve-based credit facility with the lenders thereto (the First Lien Lenders). Pursuant to the Waiver and Eleventh Amendment, Vanguards First Lien Lenders waived the covenant requiring the Company to maintain liquidity in excess of $50 million as a condition to making the current semi-annual interest... More
