On December 19, 2017, Titan Energy, LLC, its subsidiary, Titan Energy Operating, LLC, as borrower, and certain subsidiary guarantors entered into a Limited Waiver Agreement with respect to the Company’s Third Amended and Restated Credit Agreement, as amended, with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto. The Limited Waiver has an effective date of December 8, 2017. Pursuant to the Limited Waiver, the lenders agreed to a further limited waiver of certain existing defaults with respect to financial covenants, required repayments of borrowings and other related matters. The waiver terminates upon the earliest of January 31, 2018, the occurrence of additional events of default under the First Lien Facility and the exercise of remedies under the company’s second lien credit facility.