S&P rates Hilcorp notes BB-

Standard & Poor's said it assigned BB- and 3 recovery ratings to Hilcorp Energy I LP's (BB-/stable) proposed $300 million senior notes due 2020.

"Our recovery analysis incorporates Hilcorp's plans to use the proceeds from the proposed notes offering to, among other things, repay outstanding balances under its revolving credit facility and fund recent and pending acquisitions," S&P analyst Patrick Lee said in a statement.

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