You are here: Agreements > Confidentiality Agreement > Jefferies LLC Member SIPC Republic Midstream Term Sheet Analysis June 2016 / Confidential / Subject to NDA Exhibit 99.1 Republic Midstream Proposal Pursuant to that certain confidentiality agreement, dated as of June 14, 2016, Penn Virginia Corporation together with its subsidiaries, collectively

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Jefferies Llc Member Sipc Republic Midstream Term Sheet Analysis June 2016 / Confidential / Subject To Nda Exhibit 99.1 Republic Midstream Proposal Pursuant To That Certain Confidentiality Agreement, Dated As Of June 14, 2016, Penn Virginia Corporation Together With Its Subsidiaries, Collectively

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PENN VIRGINIA CORP | Gathering System | Penn Virginia Corporation | Penn Virginia Oil Gas LP | Requisite Commitment Parties

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Title: Jefferies LLC Member SIPC Republic Midstream Term Sheet Analysis June 2016 / Confidential / Subject to NDA Exhibit 99.1 Republic Midstream Proposal Pursuant to that certain confidentiality agreement, dated as of June 14, 2016, Penn Virginia Corporation together with its subsidiaries, collectively
Date: 6/14/2016
Industry: Oil and Gas Operations     Sector: Energy

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Jefferies LLC Member SIPC Republic Midstream Term Sheet Analysis June 2016 / Confidential / Subject to NDA Exhibit 99.1


Republic Midstream Proposal Pursuant to that certain confidentiality agreement, dated as of June 14, 2016, Penn Virginia Corporation (together with its subsidiaries, collectively, “PVA”) and certain holders of PVA’s senior unsecured notes (collectively, the “Holders”) had discussions regarding, among other things, a restructuring of that certain Amended and Restated Construction and Field Gathering Agreement, dated as of September 24, 2015 and various related agreements entered into in connection therewith (collectively, the “Republic Agreement”) As of the date hereof, an agreement has not been reached among the parties, and negotiations are continuing The following are the material terms of the most recent proposal made in connection with the Republic Agreement and other items related to PVA’s proposed chapter 11 plan of reorganization Republic Proposal With respect to the amendment of the Construction and Field Gathering Agreement, Transportation Agreement, and Crude Oil Marketing Agreement, Republic shall be entitled to an allowed unsecured claim in the amount of $[200,000,000] on account of rejection damages (collectively, the “Allowed Republic Claim”) The Allowed Republic Claim shall receive the same treatment as Allowed Note Claims for purposes of the Restructuring Support Agreement and the Plan and shall receive Subscription Rights in accordance therewith Republic Midstream will have the right to nominate directors to the board of the reorganized PVA proportionate with its consolidated equity ownership in reorganized PVA Rights Offering and Backstop Commitment Agreement Republic Midstream will become a party to the Backstop Commitment Agreement as a Backstop Party and become subject to the same rights and obligations as the current Backstop Parties Republic Midstream’s Backstop Commitment Percentage shall be equal to: (a) the value of the Rights Offering Shares represented by its and Republic Marketing’


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