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Published on 2/6/2018 in the Prospect News High Yield Daily.

Halcon Resources plans to sell $200 million tap of 6¾% notes due 2025 on Wednesday

By Paul A. Harris

Portland, Ore., Feb. 6 – Halcon Resources Corp. plans to price a $200 million add-on to its 6¾% senior notes due Feb. 15, 2025 on Wednesday, according to a market source.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S deal.

The first call date is Feb. 15, 2020.

The Houston-based independent energy company plans to use the proceeds to fund a portion of its recently announced acquisitions of Southern Delaware Basin assets and for general corporate purposes.

The add-on notes will become fungible with the approximately $425 million of Halcon Resources 6¾% notes due Feb. 15, 2025 currently outstanding, the company said in a Tuesday press release.


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