Finance & Investing | Capital Markets
Resolute Note Offering to Fund Permian Acquisition
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Resolute Energy Corporation has launched an offering for an additional $150 million in principal amount of its 8.50% senior notes due 2020.
The offering of the Senior Notes, which is subject to market availability as well as other conditions, will be made only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The notes will be general unsecured obligations of the Company and guaranteed on a senior basis by the Company's existing subsidiaries.
Resolute intends to use the net proceeds from the Senior Notes offering to fund its pending acquisition of Permian Basin oil and gas assets for approximately $120 million, to…
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