Halcon Resources Announces Pricing of $750 Million of Senior Unsecured Notes
Halcón Resources Corporation (NYSE: HK) ("Halcón" or the "Company") today announced that it has priced $750 million aggregate principal amount of senior unsecured notes due 2020 (the "Notes") in a private offering. The Notes will bear interest at a rate of 9.75% per annum and will be issued at 98.646% of par. The private offering was upsized from the previously announced $500 million aggregate principal amount of Notes. Halcón intends to use the net proceeds from the offering to fund the cash consideration payable in connection with its pending acquisition of GeoResources, Inc. ("GeoResources") and for general corporate purposes.
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