LGCY News and Press, Legacy Reserves From 06/13/19

June 11 was a disappointing day for shareholders and perhaps some bondholders in Legacy Reserves ( LGCY ). This is due to the fact that management elected to make a voluntary filing under the US Bankruptcy Code (Chapter 11 for a restructuring), wherein the company has agreed to work with i...

Legacy Reserves ( LGCY +21.2% ) surges after saying it entered into a third forbearance agreement with lenders under its reserve based revolving credit facility and second lien term loan. More news on: Legacy Reserves Inc., Energy stocks news, Stocks on the move, Read more ...

MIDLAND, Texas , June 13, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company has entered into third forbearance agreements (the "Third Forbearance Agreements") with its lenders under i...

Legacy Reserves (NASDAQ: LGCY ) -38.2% pre-market after saying it expects to file for Chapter 11 bankruptcy , as it implements a restructuring support agreement with its lenders. More news on: Legacy Reserves Inc., Energy stocks news, Stocks on the move, Read more ...

MIDLAND, Texas , June 11, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that its board of directors has approved, and the Company has executed, a restructuring support agreement (the "Restruc...

Legacy Reserves ( LGCY ) has received a five-day extension of the forbearance period from its credit facility and second-lien lenders. This may give it additional time to gain more support for a restructuring plan. The current oil and gas pricing environment looks like it reduces the PV-10 of ...

MIDLAND, Texas , June 7, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company has entered into second forbearance agreements (the "Second Forbearance Agreements") with its lenders under ...

Legacy Reserves (LGCY) saw its common stock soar on Monday, after announcing on the weekend that it had entered into a forbearance agreement to forestall a bankruptcy filing for another week. Legacy's stock then fell significantly, as the momentum trading stalled out. This recent action arou...

The Legacy Reserves ( LGCY ) saga continues to grow stranger and wilder. Just as it was looking like the firm might declare bankruptcy as the deadline for a resolution to its revolving credit facility overhang drew near, two news items popped up that are of the utmost significance. The firs...

MIDLAND, Texas , June 1, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company has entered into forbearance agreements (the "Forbearance Agreements") with its lenders under its reser...