OKLAHOMA CITY, April 22, 2016 /PRNewswire/ -- Templar Energy LLC (the "Company") announced that on April 20th, it made approximately $11.8 million in interest payments, originally due March 21, 2016, on a tranche of its outstanding $1.45 billion principal amount second lien term loan due November 25, 2020. "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," said David D. Le Norman, CEO of Templar Energy. He continued, "We have made significant progress in working with our stakeholders to ensure the Company is well-positioned for success going forward."
About Templar Energy
Templar Energy LLC, including its wholly-owned operating subsidiary, Le Norman Operating LLC, is an independent exploration and production company headquartered in Oklahoma City, Oklahoma, with a core focus in the high-yield, liquids rich natural gas and oil producing formations in Western Oklahoma and the Texas Panhandle. For more information, visit www.lenormanoperating.com.
Investor Relations Contact:
Curtis Colby 405-241-1852
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SOURCE Templar Energy LLC