DENVER, April 7, 2017 /PRNewswire/ -- Cimarex Energy Co.
(NYSE: XEC) ("Cimarex") today announced that its previously
announced cash tender offer to purchase any and all of the
outstanding aggregate principal amount of its 5.875% Senior Notes
due 2022 (the "Notes") expired at 5:00
p.m., New York City time,
on April 7, 2017 (the "Expiration
Time"). As of the Expiration Time, $253,423,000 aggregate principal amount of the
Notes (34%) were validly tendered, which excludes $194,000 aggregate principal amount of the Notes
that remain subject to guaranteed delivery procedures. Cimarex
expects to accept for payment all Notes validly tendered and not
validly withdrawn in the tender offer and expects to make payment
for the Notes on April 10, 2017.
Pursuant to the terms of the tender offer, Notes not tendered in
the tender offer will remain outstanding. On April 12, 2017, Cimarex expects to deliver a
redemption notice for any and all outstanding Notes pursuant to the
terms of the indenture, as amended and supplemented, governing the
Notes, and all remaining outstanding Notes will be redeemed
(subject to the terms thereof) on May 12,
2017.
This announcement is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful. This announcement shall
not constitute a notice of redemption under the indenture governing
the Notes.
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 the consummation of the
proposed transactions described above. 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. Specifically, Cimarex cannot assure you
that the proposed transactions described above will be consummated
on the terms Cimarex currently contemplates, if at all. 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. Cimarex is not responsible for any changes made to this
release by wire or Internet services.
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SOURCE Cimarex Energy Co.