Eclipse Resources begins $650 million offering of senior notes

Eclipse Resources Corp. intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

The company intends to use a portion of the net proceeds of the offering to finance the redemption of its outstanding 12.0% senior unsecured PIK notes due 2018. It intends to use the remaining net proceeds to fund its capital expenditure plan and for general corporate purposes.

Eclipse Resources is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin, including the Utica and Marcellus shale plays.

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