HOUSTON, TEXAS, Oct. 23, 2012 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that it has priced $750 millionaggregate principal amount of senior unsecured notes due 2021 (the"Notes") in a private offering. The Notes will bear interestat a rate of 8.875% per annum and will be issued at 99.247% ofpar. The private offering was upsized from the previouslyannounced $700 million aggregate principal amount of Notes. Halcón intends to use the net proceeds from the offering to fundthe cash consideration payable in connection with its pendingacquisition of producing and undeveloped oil and gas assets in theWilliston Basin ("Williston Basin Assets") and for generalcorporate purposes. The securities were offered to qualified institutional buyerspursuant to Rule 144A and to certain persons in offshoretransactions pursuant to Regulation S, each under the SecuritiesAct of 1933 (the "Securities Act"), as amended. The Companyexpects to close the offering into escrow on or about November 6,2012, subject to release upon closing of the Williston Basin Assetsacquisition. The Notes have not been registered under the Securities Act orany state securities laws and may not be offered or sold in theUnited States except pursuant to an applicable exemption from theregistration requirements of the Securities Act and applicablestate securities laws. This press release shall notconstitute an offer to sell or the solicitation of an offer to buythe securities. Forward-Looking Statements This release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act and Section21E of the Securities and Exchange Act of 1934, as amended. Such forward looking statements include, but are not limited to,the size of the offering and the anticipated use of proceeds. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertaintiesthat could cause actual results to differ materially fromthose reflected in the statements. Readers should not placeundue reliance on any such forward-looking statements, which aremade only as of the date hereof. The Company has noduty, and assumes no obligation, to update forward-lookingstatements as a result of new information, future eventsor changes in the Company's expectations.
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