CHANGES TO THE PROSPECTUS AND THE TERMS OF THE EXCHANGE OFFER
We are modifying the terms of the Exchange Offer and the contents of the prospectus as described below. Accordingly, references in the
prospectus to the matters described herein shall reflect such modifications.
Extension of the Expiration Date
We are extending the Expiration Date of the Exchange Offer. The Expiration Date was previously 11:59 p.m., New York City time, on Friday,
January 31, 2020 and will now be 11:59 p.m., New York City time, on Monday, March 30, 2020, unless further extended. All references to the Expiration Date in the Prospectus are hereby amended such that the Expiration Date will be 11:59 p.m., New
York City time, on Monday, March 30, 2020. Accordingly, holders who tender their Old Notes prior to such time will receive the Early Exchange Consideration, which means for each $1,000 principal amount of Old Notes validly tendered (and not
withdrawn) prior to the Expiration Date, either $735 principal amount of Senior Secured Notes or $1,000 principal amount of the Junior Secured Notes, depending upon the election of the holder.
Prior to the Expiration Date, we will update the Prospectus with an additional prospectus supplement to incorporate the applicable information
contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and the financial statements for the year ended December 31, 2019.
Borrowing Base Redetermination
On
January 17, 2020, the borrowing base under the Unit Credit Agreement was reduced from $275 million to $200 million. At December 31, 2019, we had approximately $108.2 million of outstanding borrowings under the Unit Credit Agreement.
Except as set forth in this prospectus supplement, the terms and conditions of the Exchange Offer remain as set forth in the Prospectus.
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