DENVER, April 3, 2017 /PRNewswire/ -- Cimarex Energy
Co. (NYSE: XEC) ("Cimarex") announced today that it has priced an
offering of $750 million aggregate principal amount of senior
unsecured notes due 2027, which will carry an interest rate of
3.90%. The notes were sold to the public at 99.748% for a
yield to maturity of 3.93%. Cimarex intends to use the net
proceeds from the offering, together with cash on hand, to fund the
purchase price and accrued and unpaid interest payable with respect
to all notes validly tendered and accepted for payment pursuant to
the separately announced tender offer for any or all of the
outstanding $750 million aggregate
principal amount of Cimarex's 5.875% Senior Notes due 2022 (the
"2022 Notes") and the redemption of any 2022 Notes that remain
outstanding after completion or termination of the tender
offer.
Interest is payable May 15 and
November 15 of each year. The
first interest payment will be made November
15, 2017, and interest will accrue from April 10, 2017. The offering is expected to
close on April 10, 2017, subject to
the satisfaction of customary closing conditions.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC,
Deutsche Bank Securities Inc. and MUFG Securities Americas Inc.
have acted as joint book-running managers for the offering. The
offering is being made pursuant to an effective registration
statement previously filed with the Securities and Exchange
Commission ("SEC") on Form S-3 and available for review on the
SEC's website at www.sec.gov. This announcement is neither an
offer to sell nor a solicitation of an offer to buy any of the
senior notes referred to above. An offering of any such securities
will be made only by means of a prospectus forming a part of the
effective registration statement, the preliminary prospectus
supplement thereto and other related documents. Any such documents
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of any such securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. You may obtain
copies of these documents without charge from the SEC at
www.sec.gov. Alternatively, copies of these documents can be
obtained from J.P. Morgan Securities LLC at 383 Madison Avenue,
New York, NY 10179, Attention:
Investment Grade Syndicate Desk – 3rd Floor, or via phone, collect,
at 1-212-834-4533; or Wells Fargo Securities, LLC at 608 2nd Avenue
South, Suite 1000, Minneapolis, MN
55402, Attention: WFS Customer Service, or via phone at
1-800-645-3751, or by email at wfscustomerservice@wellsfargo.com;
or Deutsche Bank Securities Inc. at 60 Wall Street, New York, NY 10005, Attention: Prospectus
Group, or via phone at 1-800-503-4611, or by email at
prospectus.cpdg@db.com; or MUFG Securities Americas Inc. at 1221
Avenue of the Americas, 6th Floor, New
York, NY 10020, Attention: Capital Markets Group, or via
phone at 1-212 405-7440, or toll-free at 1-877-649-6848.
About Cimarex Energy
Denver-based Cimarex Energy Co. is
an independent oil and gas exploration and production company with
principal operations in the Mid-Continent and Permian Basin areas
of the U.S.
This communication contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on current expectations and beliefs and are subject to a
number of risks, uncertainties and assumptions that could cause
actual results to differ materially from those described in the
forward-looking statements, including a successful closing of the
offering. These risks and uncertainties are more fully described in
SEC reports filed by Cimarex. While Cimarex makes these
forward-looking statements in good faith, management cannot
guarantee that anticipated future results will be achieved. Cimarex
assumes no obligation and expressly disclaims any duty to update
the information contained herein except as required by
law. Actual results may differ materially from Cimarex
projections and can be affected by a variety of factors outside
Cimarex's control, including the risks and uncertainties described
in Cimarex's SEC reports.
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SOURCE Cimarex Energy Co.