August 18, 2017 / 8:54 PM / a month ago

BRIEF-‍Varde Partners and the lenders enter into letter agreement

Aug 18 (Reuters) - ‍Varde Partners:

* ‍Varde Partners says on August 12, 2017, ‍Varde Partners and the lenders entered into a letter agreement - SEC filing

* ‍Varde Partners says granted the lenders the right to appoint one member to the board of Lilis Energy​

* ‍Varde Partners- under terms of agreement, lenders have right to appoint upto two members to board of Lilis Energy upon conversion of initial term loan Source text: (bit.ly/2uQ38H8)

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