OKLAHOMA CITY, Sept. 18, 2012 (GLOBE NEWSWIRE) -- GMX RESOURCES INC ., (NYSE:GMXR); today announced that it had received, as of immediately after 5:00 p.m., New York City Time, on September 17, 2012 (the "Expiration Time") tenders from the holders of approximately $24.9 million in aggregate principal amount, or approximately 47.9%, of its outstanding 5.00% Senior Convertible Notes due 2013 (the "2013 Notes") and approximately $38.0 million in aggregate principal amount, or approximately 44.0%, of its outstanding 4.50% Senior Convertible Notes due 2015 (the "2015 Notes" and, together with the 2013 Notes, the "Convertible Notes") in connection with its previously announced exchange offers for the Convertible Notes, which commenced on August 9, 2012. Holders tendering 2013 Notes will receive new Senior Secured Second-Priority Notes due 2018 (the "New Notes") and shares of the Company's common stock. Holders tendering 2015 Notes will receive New Notes.
GMX RESOURCES INC. Announces Expiration And Preliminary Results Of Its Exchange Offers For Its 5.00% Senior Convertible Notes Due 2013 And 4.50% Senior Convertible Notes Due 2015
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