Halcon Resources to sell $500 million five-year secured notes Tuesday

By Paul A. Harris

Portland, Ore., April 21 – Halcon Resources Corp. plans to price a $500 million offering of five-year senior secured second-lien notes (expected ratings B3/CCC) on Tuesday following a mid-morning conference call with investors, according to a market source.

J.P. Morgan Securities LLC and Barclays are the joint bookrunners for the Rule 144A and Regulation S for life offering.

Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, BMO Securities, BofA Merrill Lynch, Jefferies LLC, SunTrust Robinson Humphrey Inc., ING, BNP Paribas Securities Corp., RBC Capital Markets, Capital One South Coast, Natixis and Comerica are the joint passive bookrunners.

The notes come with two years of call protection.

The Houston-based independent energy company plans to use the proceeds to pay down its revolver and for general corporate purposes.

Halcon Resources is engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.