Eclipse Resources Corp. (NYSE: ECR) has terminated its private offer to eligible holders to exchange of any and all of the company’s outstanding 8.875% senior unsecured notes due 2023 for the company’s new 9.00% senior secured second lien notes due 2023.
The exchange offer was set to expire at 11:59 p.m., New York City time, on Feb. 18. Prior to the expiration date, the company elected to terminate the exchange offer pursuant to the terms and conditions set forth in the company’s confidential offering memorandum, dated Jan. 21. As a result of the termination of the exchange offer, no existing notes will be accepted for exchange, and all existing notes tendered and not previously withdrawn pursuant to the exchange offer will be promptly returned to their respective holders.
D.F. King & Co. Inc. is serving as information agent for the exchange offer.
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.