Bellatrix completed a debt refinancing transaction in September 2018 pursuant to which approximately one-third of its outstanding 8.5% senior unsecured notes due 2020 (the 2020 Notes) were exchanged for new 8.5% second lien notes due 2023 (the Second Line Notes). As part of the transaction, the exchanging noteholders agreed to allow the issuance of up to $50 million of additional Second Lien Notes, to be used for future 2020 Note exchanges on or before December 31, 2018. The holders of the Second Lien Notes have agreed to extend the December 31, 2018 deadline for the issuance of such additional Second Lien Notes to February 28, 2019.