HOUSTON, TEXAS, Dec. 16, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK)("Halcón" or the "Company") today announced that it has priced anadditional $400 million in aggregate principal amount of its 9.75%senior unsecured notes due 2020 (the "additional senior notes") ina private offering at an issue price of 102.750% of par and a yieldto worst of 8.999%. The additional senior notes are beingoffered as additional notes to the $750 million aggregate principalamount of 9.75% senior notes due 2020 that the Company sold in aprivate placement that settled on July 16, 2012. Theadditional senior notes and the existing notes will be treated as asingle class of debt securities and will have identical terms,other than the issue date and issue price, except that theadditional senior notes will initially be subject to restrictionson transfer under applicable securities laws. Halcón intends to use the net proceeds from theoffering to repay a portion of the outstanding borrowings under itssenior secured revolving credit facility. The securities were offered to qualifiedinstitutional buyers pursuant to Rule 144A and to certain personsin offshore transactions pursuant to Regulation S, each under theSecurities Act of 1933 (the "Securities Act"), as amended. The Company expects to close the offering on or about December 19,2013, subject to customary closing conditions. The additional senior notes have not beenregistered under the Securities Act or any state securities lawsand may not be offered or sold in the United States except pursuantto an applicable exemption from the registration requirements ofthe Securities 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 of 1933 andSection 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertainties,such as financial market conditions, changes in commodities pricesand the other risks discussed in detail in Halcón's Annual Reporton Form 10-K for the year ended December 31, 2012 and othersubsequent filings with the Securities and ExchangeCommission. Readers should not place undue reliance on anysuch forward-looking statements, which are made only as of the datehereof. The Company has no duty, and assumes noobligation, to update forward-looking statements as a resultof new information, future events or changes in theCompany's expectations.
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