Halcon Resources prices $400M of senior unsecured notes

Halcon Resources

Halcon Resources Corp. (NYSE: HK) has priced $400 million aggregate principal amount of senior unsecured notes due 2022 in a private offering. The notes will bear interest at a rate of 9.25% per annum and will be issued at par. The private offering was upsized from the previously announced $300 million aggregate principal amount of notes.

Halcon intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility, which has been, and will continue to be, drawn upon to partially fund acquisitions of both leasehold and producing properties in core areas.

 

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