Halcon tenders for up to $425 million of 6¾% notes, calls 12% notes

By Marisa Wong

Morgantown, W.Va., Sept. 7 – Halcon Resources Corp. announced it launched a tender offer to purchase for cash up to $425 million of its $850 million outstanding 6¾% senior notes due 2025.

The company is offering to purchase the notes at 103 plus accrued interest.

The tender offer will expire at 5 p.m. ET on Oct. 6.

If the offer is oversubscribed, tendered notes will be subject to proration.

Halcon is required to make the tender under the terms of the note indenture following the sale of its Williston Basin assets for $1.4 billion.

The company also announced that it will redeem on Oct. 7 all of its outstanding 12% second-lien notes due 2022.

Halcon is a Houston-based independent energy company focused on onshore oil and natural gas exploration.

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