Halcon plans $400 million tap of its 9¾% notes due 2020 Monday

By Paul A. Harris

Portland, Ore., Dec. 16 - Halcon Resources Corp. plans to price a $400 million add-on to its 9¾% senior notes due July 15, 2020 (expected ratings Caa1/CCC+) on Monday, trailing a mid-morning conference call with investors, according to an informed source.

Barclays is the left bookrunner for the Rule 144A with registration rights offering. Wells Fargo Securities LLC is the joint bookrunner.

The notes become callable at 104.875 on July 15, 2016.

The Houston-based oil and gas acquisition, production, exploration and development company plans to use the proceeds to refinance debt and for general corporate purposes.

The original $750 million issue priced at 98.646 to yield 10% in June 2012.

Upon registration the add-on notes will be fungible with the existing notes within 180 days.

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