Halcon Resources Announces Offering of Senior Secured Notes
April 21 2015 - 6:26AM
Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company")
today announced that, subject to market conditions, it intends to
offer $500 million in aggregate principal amount of senior secured
notes due 2020 (the "Notes"). The Notes will be secured by
second-priority liens on substantially all of Halcón's and its
subsidiary guarantors' assets that secure the Company's senior
secured revolving credit facility.
Halcón intends to use the net proceeds from the
offering to repay a portion of the outstanding borrowings under its
senior secured revolving credit facility and for general corporate
purposes.
The offering will be made only as a private
placement to qualified institutional buyers pursuant to Rule 144A
and to certain persons in offshore transactions pursuant to
Regulation S, each under the Securities Act of 1933, as amended
(the "Securities Act").
The securities offered by the Company in the
private placement have not been registered under the Securities
Act, or any state securities laws and, unless so registered, may
not be offered or sold in the United States except pursuant to an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities.
Forward-Looking Statements
This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act and Section
21E of the Securities and Exchange Act of 1934, as amended.
Forward-looking statements are based on current beliefs
and expectations and involve certain assumptions or
estimates that involve various risks and uncertainties,
such as financial market conditions, changes in commodities prices
and the other risks discussed in detail in the Company's Annual
Report on Form 10-K for the year ended December 31, 2014 and other
subsequent filings with the Securities and Exchange
Commission. Readers should not place undue reliance on any
such forward-looking statements, which are made only as of the date
hereof. Halcón has no duty, and assumes no obligation,
to update forward-looking statements as a result of new
information, future events or changes in the Company's
expectations.
About Halcón
Resources
Halcón Resources Corporation is an independent
energy company engaged in the acquisition, production, exploration
and development of onshore oil and natural gas properties in the
United States.
CONTACT: Scott M. Zuehlke
VP, Investor Relations
Halcon Resources
(832) 538-0314
Halcon Resources (NYSE:HK)
Historical Stock Chart
From Apr 2024 to May 2024
Halcon Resources (NYSE:HK)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Halcon Resources Corporation New (New York Stock Exchange): 0 recent articles
More News Articles