Cimarex prices senior unsecured notes

Cimarex Energy Co.

Cimarex Energy Co. (NYSE: XEC) has priced an offering of $750 million aggregate principal amount of senior notes due 2024, which will carry an interest rate of 4.375%. The size of the offering was increased from the previously announced $600 million. The notes were sold to the public at par. Cimarex intends to use the net proceeds from the offering to repay in full amounts outstanding under its revolving credit facility and for general corporate purposes. 

Interest is payable June 1 and December 1 of each year. The first interest payment will be made Dec. 1, and interest will accrue from June 4. The offering is expected to close on June 4.

Wells Fargo Securities LLC, Deutsche Bank Securities Inc., JP Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc., and US Bancorp Investments, Inc. have acted as joint book-running managers for the offering.

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...