HOUSTON, TEXAS, Jan. 9, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that it has priced an additional $600million in aggregate principal amount of its 8.875% seniorunsecured notes due 2021 in a private offering at an issue price of105.000% of par. The add-on offering of senior notes wasupsized from the previously announced $400 million aggregateprincipal amount. The senior notes are being offered asadditional notes to the $750 million aggregate principal amount of8.875% senior notes due 2021 that the Company sold in a privateoffering on November 6, 2012. The additional senior notes andthe notes issued on November 6, 2012 will be treated as a singleclass of debt securities and will have identical terms, other thanthe issue date. 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 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 on or about January 14, 2013, subjectto customary closing conditions. The senior notes have not been registered under the SecuritiesAct or any state securities laws and may not be offered or sold inthe United States except pursuant to an applicable exemption fromthe registration 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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