Legacy Reserves Inc. announced that the company has entered into second forbearance agreements (the "Second Forbearance Agreements") with its lenders under its reserve based revolving credit facility ("RBL Lenders") and its lenders under its second lien term loan ("Second Lien Lenders"). As previously announced, on May 31, 2019, the Company entered into forbearance agreements with the RBL Lenders and Second Lien Lenders that were scheduled to terminate on 5:00 p.m. (ET) on June 7, 2019. Under the terms of the Second Forbearance Agreements, the RBL Lenders and Second Lien Lenders have agreed to extend the forbearance period during which the lenders will forbear from exercising any and all remedies available to them in respect of (a) any event of default arising from the maturity of the revolving credit facility on May 31, 2019 and (b) any event of default arising from Legacy not making the interest payments due on June 3, 2019 with respect to its outstanding (i) 8% senior notes due 2020, (ii) 6.625% senior notes due 2021, and (iii) 8% convertible senior notes due 2023. Additionally, the Second Lien Lenders have agreed to further extend the waiver of the covenant that required Legacy to deliver audited financial statements without a "going concern" or like qualification or exception. The forbearance period now extends through 11:59 p.m. (ET) on June 12, 2019, and will terminate upon the earlier of the end of the forbearance period or the occurrence of a specified forbearance termination event.