Lilis Energy, Inc. announced that it has entered into the seventh amendment through the fourteenth amendment to the revolving credit agreement which, among other things, amended the following: reduced its borrowing base to $90.0 million, resulting in a borrowing base deficiency of $25.0 million of which there is a final borrowing base deficiency payment remaining equal to $7.75 million, extended the due date for the final borrowing base deficiency payment to June 5, 2020, and waived compliance with the leverage ratio and current ratio covenants as of December 31, 2019 and March 31, 2020.