Templar Energy LLC Makes Interest Payment on Second Lien Term Loan

OKLAHOMA CITY, April 22, 2016 /PRNewswire/ -- Templar Energy LLC (the "Company") announced that on April 20^th, 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."