Halcon Resources plans to sell $300 million senior notes due 2022

By Aleesia Forni

Virginia Beach, Va., Aug. 7 - Halcon Resources Corp. announced plans to price a $300 million offering of senior notes due 2022, according to a company release.

Proceeds from the Rule 144A and Regulation S deal will be used to repay a portion of the company's outstanding borrowings under its senior secured revolving credit facility. The company is also selling stock, which will also be used to repay revolver borrowings.

The issuer is a Houston-based oil and gas exploration and production company.

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