Petrohawk Prices $400M Debt Offering

By Houston Business Journal

Petrohawk Energy Corp. has boosted the size of a planned debt offering to $400 million.

Houston-based Petrohawk (NYSE: HK) has priced the private offering of its outstanding series of 7 1/4-percent senior notes due 2018 after increasing the offering from $300 million to $400 million.

The exploration and production company previously sold $825 million of its 7 1/4-percent notes due 2018 back in August 2010. The latest $400 million offering is expected to close on Jan. 31.

Net proceeds are expected to be used to redeem the companyâ¿¿s 7 1/2-percent senior notes due April 1, 2012 and provide general working capital.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/houston/news/2011/01/17/petrohawk-prices-400m-debt-offering.html?ana=thestreet

Copyright bizjournals.com 2010

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