Lonestar repurchases final 12% notes due 2021 at average price of 106

By Wendy Van Sickle

Columbus, Ohio, June 20 – Lonestar Resources US, Inc. retired its 12% second-lien senior notes due 2021 after redeeming or repurchasing about $17 million of the notes on Tuesday, according to a press release.

The company repurchased or redeemed the notes at an average of 106% of par.

“Retiring the second-lien notes eliminates our highest-cost debt, reducing interest expense while simplifying our capital structure,” chief executive officer Frank D. Bracken III said in the release.

Lonestar is an oil and gas company based in Fort Worth.

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