2 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP director Cary D Brown sold 219,931 shares at $10.23.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP director Dale A Brown sold 219,931 shares at $10.23.
1 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP director Dale A Brown sold 93,146 shares at $10.23.
1 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP director Cary D Brown sold 93,146 shares at $10.23.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP EVP and CDO Kyle A Mcgraw exercised stock options for 18,868 shares and disposed of 27,764 shares.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP CAO and Controller Micah C. Foster exercised stock options for 4,951 shares and disposed of 7,285 shares.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP Chairman, President and CEO Paul T Horne exercised stock options for 20,216 shares and disposed of 29,287 shares.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP VP, GC and Secretary Dan G. Leroy exercised stock options for 5,776 shares and disposed of 8,499 shares.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP EVP and CFO James Daniel Westcott exercised stock options for 20,216 shares and disposed of 27,827 shares.
22 Feb 2017director interest notice● Neutral
LEGACY RESERVES LP director Cary D Brown exercised stock options for 47,170 shares and disposed of 47,170 shares.
14 Feb 2017substantial holder notice● Neutral
Baines Creek Partners, L.P., Kevin Tracy, Brian Williams reported a LEGACY RESERVES LP shareholding of 546,350 shares (7.60% of votes) in a periodic institutional filing.
18 Nov 2016director interest notice● Neutral
D Dwight Scott became a LEGACY RESERVES LP director and company insider (initial ownership filing).
3 Nov 2016quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $4.3 million for the period ended 2016-09-30.
2 Nov 2016quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $4.3 million for the period ended 2016-09-30.
2 Nov 2016quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $4.3 million for the period ended 2016-09-30.
28 Oct 2016debt financing▼ BadMajor
On October 25, 2016 Legacy signed a second lien term loan of up to $300 million with GSO Capital Partners funds as initial lenders. It is secured behind the bank revolver, bears 12.00% interest (partly payable in kind), and matures August 31, 2021 (earlier, August 1, 2020, if $15 million or more of the 8% 2020 notes remain on July 1, 2020); $60 million was drawn at signing to repay debt and the remaining $240 million is available for 12 months. The same day the revolver's borrowing base was cut from $630 million to $600 million with tighter covenants, and GSO got the right to name a ninth board director (D. Dwight Scott of Blackstone/GSO is the initial designee) plus rights to join up to 50% of future debt and equity offerings. This continues the credit tightening seen since the February 2016 amendment.
3 Aug 2016quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $52.3 million for the period ended 2016-06-30.
3 Aug 2016quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $52.3 million for the period ended 2016-06-30.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP CAO and Controller Micah C. Foster received a stock option grant for 146,738 shares.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP VP, GC and Secretary Dan G. Leroy received a stock option grant for 180,870 shares.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP EVP and CFO James Daniel Westcott received a stock option grant for 826,088 shares.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP EVP & COO Kyle Hammond received a stock option grant for 660,870 shares.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP Chairman, President and CEO Paul T Horne received a stock option grant for 1,554,349 shares.
24 June 2016director interest notice● Neutral
LEGACY RESERVES LP EVP and CDO Kyle A Mcgraw received a stock option grant for 547,827 shares.
26 May 2016capital raising announcement● Neutral
Legacy agreed to exchange 2,719,124 new common units for $15.0 million principal amount of its 8% senior notes due 2020, with units expected to be issued June 1, 2016. The units are about 3.9% of outstanding units, so existing unitholders are diluted by that amount while debt falls by $15.0 million. This is the first debt-for-equity swap in this record.
12 May 2016director interest notice● Neutral
LEGACY RESERVES LP director William R Granberry received 39,526 shares as part of the equity award.
12 May 2016director interest notice● Neutral
LEGACY RESERVES LP director William D Sullivan received 39,526 shares as part of the equity award.
12 May 2016director interest notice● Neutral
LEGACY RESERVES LP director G Larry Lawrence received 39,526 shares as part of the equity award.
12 May 2016director interest notice● Neutral
LEGACY RESERVES LP director Cary D Brown received 39,526 shares as part of the equity award.
12 May 2016director interest notice● Neutral
LEGACY RESERVES LP director Kyle D Vann received 39,526 shares as part of the equity award.