HOUSTON, TEXAS, Oct. 23, 2012 (GLOBE NEWSWIRE) -- 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 2021 (the "Notes") in a private offering. The Notes will bear interest at a rate of 8.875% per annum and will be issued at 99.247% of par. The private offering was upsized from the previously announced $700 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 producing and undeveloped oil and gas assets in the Williston Basin ("Williston Basin Assets") and for general corporate purposes.
Halcon Resources Announces Pricing Of $750 Million Of Senior Unsecured Notes
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.