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.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...