Titan Energy, LLC (OTCMKTS:TTEN) Files An 8-K Entry into a Material Definitive Agreement

Titan Energy, LLC (OTCMKTS:TTEN) Files An 8-K Entry into a Material Definitive Agreement

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Item1.01

Entry into a Material Definitive Agreement

On March24, 2017, Titan Energy, LLC (the Company), its
subsidiary, Titan Energy Operating, LLC (Titan Operating), as
borrower, and certain subsidiary guarantors entered into a First
Amendment (the First Lien Amendment) to the Third Amended and
Restated Credit Agreement with Wells Fargo Bank, National
Association, as administrative agent, and the lenders party
thereto. to the First Lien Amendment, the deadline for the
Companys obligation to deliver quarterly financial statements for
the three months ended December31, 2016 was extended from 55 to
100 days after December31, 2016, and the associated grace period
prior to any acceleration for failure to comply was removed.

Also on March27, 2017, the Company, Titan Operating and certain
subsidiary guarantors entered into a First Amendment (the Second
Lien Amendment) to the Amended and Restated Second Lien Credit
Agreement with the lenders party thereto. The Second Lien
Amendment makes changes that correspond to those in the First
Lien Amendment. The Second Lien Amendment has an effective date
of March24, 2017.

These summaries of the First Lien Amendment and the Second Lien
Amendment do not purport to be complete and are subject to, and
qualified in their entirety by, the full text of the First Lien
Amendment and the Second Lien Amendment, which are filed as
Exhibits 10.1 and 10.2, respectively, to this Current Report on
Form 8-K.

Item9.01 Financial Statements and Exhibits.

Exhibit

Number

Description

10.1 First Amendment to Third Amended and Restated Credit
Agreement, dated as of March24, 2017, among Titan Energy
Operating, LLC, as borrower, Titan Energy, LLC, as parent,
the subsidiary guarantors party thereto, the lenders party
thereto, and Wells Fargo Bank, National Association, as
administrative agent.
10.2 First Amendment to Amended and Restated Second Lien Credit
Agreement, dated as of March27, 2017, among Titan Energy
Operating, LLC, as borrower, Titan Energy, LLC, as parent,
the subsidiary guarantors party thereto, and the lenders
party thereto.


Titan Energy, LLC (OTCMKTS:TTEN) Recent Trading Information

Titan Energy, LLC (OTCMKTS:TTEN) closed its last trading session up +0.23 at 18.23 with shares trading hands.

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