The US Bankruptcy Court gave an order to Sundance Energy Inc to obtain DIP financing on an interim basis on March 10, 2021. As per the order, the debtor has been authorized to obtain a new money term loan facility in the amount of $10 million out of $50 million from AG Energy Funding, LLC, Apollo Atlas Master Fund, LLC, Apollo Kings Alley Credit Fund, L.P., Apollo Moultrie Credit Fund L.P., Apollo Tactical Value SPN Investments, L.P., Apollo Tower Credit Fund, L.P., Apollo TR Enhanced Levered Yield LLC, Apollo TR Opportunistic Ltd., Apollo Union Street Partners L.P., MOI (London) Limited, Tranquilidade Diversified Income ICAV, Ares Capital Corporation, Ares Direct Finance I LP, Cion Ares Diversified Credit Fund, Diversified Loan Find-Private Debt A.S.A.R.L., Sali Multi-Series Fund, L.P.-Ares Credit Strategies Insurance Dedicated Fund Series and Morgan Stanley Capitral Group Inc., with Morgan Stanley Capital Administrators Inc. acting as the administrative agent. The DIP loan would carry an interest rate of LIBOR plus 8% p.a., provided that if the LIBO Rate shall be lower than 1%, the LIBO Rate will be 1%, along with an additional 2% p.a. interest in the event of default. The DIP facility would mature either on June 14, 2021 or on the effective date of the plan or the date when all DIP Loans become due and payable under the Loan Documents,, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.01 million towards unpaid professional fees / administrative expenses and first priority lien upon and security interest in the debtor’s collateral. Final Hearing is scheduled for April 19, 2021.