Cimarex receives no tenders for Magnum Hunter 9.6% notes, floating-rate convertibles

By Jennifer Chiou

New York, Aug. 8 - Cimarex Energy Co. said it did not receive any tenders for the 9.60% senior notes due 2012 and floating-rate convertible senior notes due 2023 originally issued by Magnum Hunter Resources, Inc.

The offer expired at 5 p.m. ET on Aug. 5.

On July 27, Cimarex announced the amendment of its offer to purchase the convertibles to clarify withdrawal rights and disclosure obligations and to end its right to terminate the offer. The only condition of the tender was the requirement there be no event of default before the expiration date.

The offer was required as part of Cimarex's acquisition of Magnum Hunter.

Cimarex had offered to pay 100% of the principal amount of the convertibles plus accrued interest up to but not including the expiration date.

For the 9.6% notes, Cimarex was offering to pay 101% of the principal amount plus accrued interest up to and including the third business day after the expiration date.

Deutsche Bank Trust Co. Americas is the depositary and the information agent (800 735-7777).

Denver-based Cimarex Energy Co. is an independent oil and gas exploration and production company.

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