Press Release

Kirkland Counsels Värde on Preferred Stock Investment in Lilis Energy

Kirkland advised affiliates of Värde Partners, Inc. on their pending $100 million convertible preferred stock investment into Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and Southeastern New Mexico. Proceeds from the sale of the preferred stock will fund the cash portion of the consideration for Lilis’ pending acquisition of certain acreage and production from OneEnergy Partners Operating, LLC as well as a portion of Lilis’ 2018 drilling program.  The full release is available here.

The Kirkland team was led by corporate partners Shubi Arora and Jhett Nelson and associates David Moore, William Mabry and Fernanda Langa; debt finance partner Lucas Spivey and associate Ryan Copeland; capital markets partner Justin Hoffman and associate Christopher Fox; and tax partner Mark Dundon and associate Joe Tobias.