Ameredev Acquires Lilis Energy Assets in Bankruptcy Auction

Updated 9 months 2 weeks ago

Ameredev has emerged as the winning bidder for the assets of Lilis Energy following a comprehensive sale process and competitive auction as part of a Chapter 11 process with an offer $46.6 million in cash. Subject to bankruptcy court approval, the transaction is expected to close in December 2020. Barclays Capital served as an advisor to Lilis.