OKLAHOMA CITY, Aug. 9, 2012 (GLOBE NEWSWIRE) -- GMX RESOURCES INC . (the "Company" or "GMXR") (NYSE:GMXR); today announced that it has commenced offers to exchange (each, an " Exchange Offer" and collectively the " Exchange Offers") for (i) all of its existing 5.00% Convertible Senior Notes due 2013 (the " 2013 Notes"), of which $51,997,000.00 aggregate principal amount is currently outstanding, in exchange for (a) new Senior Secured Second-Priority Notes due 2018 (the " New Notes") and (b) shares of the Company's common stock (" Common Stock"), and (ii) a limited amount of its existing 4.50% Convertible Senior Notes due 2015 (the " 2015 Notes" and together with the 2013 Notes, referred to as the " Convertible Notes"), in exchange for the New Notes.
GMX RESOURCES INC. Announces Exchange Offer Of Senior Secured Second Priority Notes Due 2018 For Its 5% Convertible Senior Notes Due 2013 And 4.5% Convertible Senior Notes Due 2015
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