Spotted Hawk Development places $100 million term note facility

By Lisa Kerner

Charlotte, N.C., Jan. 8 - Spotted Hawk Development, LLC completed a placement of a $100 million senior secured term note facility.

Proceeds will be used to fund Spotted Hawk's share of drilling and completion capital expenditures associated with its working interests in the Williston Basin, according to a company news release.

Moelis & Co. acted as placement agent and exclusive financial adviser for the transaction.

Spotted Hawk Development is a New Town, N.D.-based energy exploration and production company.

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