Petrohawk buys back $10.75 million 7 7/8%, 10½% notes in tender offer

By Susanna Moon

Chicago, Nov. 15 - Petrohawk Energy Corp. said investors tendered $10.36 million of its 10½% senior notes due 2014 and $389,000 of its 7 7/8% senior notes due 2015 during its change-of-control tender offer, which ended at 5 p.m. ET on Nov. 9.

After settlement on Nov. 15, there will be $589.64 million of the 10½% notes and $799,611,000 of the 7 7/8% notes outstanding.

As previously noted, BHP Billiton Ltd.'s acquisition of the company resulted in a change of control. As a result, the company was required to make the purchase offer at a price of 101% of par plus accrued interest.

The offer began on Sept. 21.

BHP wrapped its offer to acquire all of Petrohawk's shares for $38.75 each at midnight ET on Aug. 19. According to the depositary, 293.9 million shares, or 97.4% of the total amount, were validly tendered.

The depositary and information agent is U.S. Bank Trust NA (attn: Lori Buckles at 651 495-3520).

Petrohawk is a Houston-based explorer, developer and producer of oil and natural gas properties. BHP is a London-based company focused on discovering and developing natural resources.

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