The US Bankruptcy Court gave an order to Vanguard Natural Resources, Inc. to obtain DIP financing on final basis on April 30, 2019. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $130 million, (the total facility consists of new money in the amount of $65 million Revolving Facility and, roll up of $65 million Revolving Loans outstanding under the Prepetition First Lien Credit Agreement) Citibank, N.A., Bank of Montreal, ABN Amro Capital USA LLC, Wells Fargo Bank, N.A., Capital One Financial Corporation, J.P. Morgan Chase Bank, N.A., The Huntington National Bank of, ING Capital LLC, Bank of America, N.A., Barclays Bank PLC (New York Branch), Fifth Third Bank, PNC Bank, National Association, Royal Bank of Canada, Sumitomo Mitsui Banking Corporation, UBS AG, Stamford Branch, CIBC, Inc., Citizens Bank, Black Diamond Credit Strategies Master Fund Ltd, Comerica Bank, Commonwealth Bank of Australia New York Branch, Associated Bank, National Association, Banc of America Credit Products, Inc., BDCM Strategic Capital Fund I, L.P, Whitney Bank, SunTrust Banks, Inc. and Chase Lincoln First Commercial Corporation, with Citibank, N.A. acting as lender and as well as administrative agent. Citibank, N.A. of $65 million. The DIP loan would either carry an interest rate of LIBOR plus 5.5% p.a. subject to a LIBOR floor of 0%., along with an additional 3% p.a. interest in the event of default. As per the terms of the DIP agreement, the loan carries a commitment fee of 1% p.a., the Structuring Fee of $1.25 million payable to the Lead Arranger in cash on the Closing Date; the Underwriting Fee in an aggregate amount equal to 1.50% of the DIP Revolving Facility, payable to the Lead Arranger in cash on the Closing Date; the Administrative Fee in an amount equal to $0.05 million per annum, payable to the DIP Lenders in cash; and the Letter of Credit fee (due monthly) equal to the product of the LIBOR Margin and the undrawn amount of each Letter of Credit and a fronting fee equal to the product of 0.035% and the undrawn amount of each Letter of Credit. The DIP facility would mature either on September 30, 2019 which is 9 months after the Petition Date or on the effective date of the plan or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $1.55 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral.