Finance & Investing | Debt | Capital Markets
Bonanza Creek Funds Wattenberg Acquisition with Offering
Print
|
Closing Announcement - July 15, 2014
Bonanza Creek Energy, Inc. has announced that it has priced $300 million in aggregate principal amount of its 5.75% senior unsecured notes due 2023.
The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by all of the Company's existing and future domestic subsidiaries that incur or guarantee certain indebtedness. The Company intends to use a portion of the net proceeds from the offering to repay all of the outstanding borrowings under its revolving credit facility and will use the remainder for general corporate purposes, which may include funding its drilling and development program and other capital expenditures. The offering is expected to close on July 18, 2014, subject to customary closing conditions.
Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in