HOUSTON, TEXAS, Jan. 8, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that, subject to market conditions, itintends to offer an additional $400 million in aggregate principalamount of its 8.875% senior unsecured notes due 2021. Thesenior notes are being offered as additional notes to the $750million aggregate principal amount of 8.875% senior notes due 2021that the Company sold in a private placement on November 6,2012. The additional senior notes and the notes issued onNovember 6, 2012 will be treated as a single class of debtsecurities and will have identical terms, other than the issuedate. Halcón intends to use the net proceeds from the offering torepay outstanding indebtedness under its senior secured revolvingcredit facility and for general corporate purposes, including tofund a portion of the Company's 2013 capital expenditureprogram. The offering will be made only 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 senior notes have not been registered under the SecuritiesAct or any state securities law and, unless so registered, may notbe offered or sold in the United States except pursuant to anapplicable exemption from the registration requirements of theSecurities Act and applicable state securities laws. Thispress release shall not constitute an offer to sell or thesolicitation of an offer to buy the 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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