Eclipse Resources begins notes exchange offer

Eclipse Resources Corp. has begun a private offer to exchange any and all of its outstanding 8.875% senior unsecured notes due 2023 for the company’s new 9.00% senior secured second lien notes due 2023, upon the terms and subject to the conditions set forth in the company’s confidential offering memorandum and related letter of transmittal, each dated Jan. 21.

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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