On April 20, Templar Energy LLC made about $11.8 million in interest payments on a tranche of the outstanding $1.45 billion second-lien term loan due Nov. 25, 2020. The payments were originally due March 21, the company said April 21.
"Making this interest payment within the grace period allows us to continue our pursuit of a global solution to the company's capital structure and liquidity needs," David D. Le Norman, CEO, said. "We have made significant progress in working with our stakeholders to ensure the company is well positioned for success going forward."
Templar Energy LLC is based in Oklahoma City.
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