Titan Energy, LLC (OTCMKTS:TTEN) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure |
On April25, 2017, Titan Energy, LLC released an updated investor
overview presentation. A copy of such presentation is included as
Exhibit 99.1 to this Current Report on Form 8-K
Exhibit 99.1 and the other information provided under this
Item7.01 are being furnished and shall not be deemed filed for
purposes of Section18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section.
| Item8.01 | Other Events |
On April21, 2017, the lenders under the Companys second lien
credit facility (the Second Lien Facility) delivered a notice of
events of default and reservation of rights (the Notice), to
which they noticed events of default related to financial
covenants and the failure to deliver financial statements without
a going concern qualification. The delivery of the Notice began
the 180-day standstill period under the intercreditor agreement,
during which the lenders under the Second Lien Facility are
prevented from pursuing remedies against the collateral securing
the Companys obligations under the Second Lien Facility. The
lenders have not accelerated the payment of amounts outstanding
under the Second Lien Facility.
| Item9.01 | Financial Statements and Exhibits |
|
Exhibit Number |
Description |
|
| 99.1 | Investor Presentation, dated April25, 2017. |
Titan Energy, LLC (OTCMKTS:TTEN) Recent Trading Information
Titan Energy, LLC (OTCMKTS:TTEN) closed its last trading session down -0.55 at 10.95 with shares trading hands.
