Resolute Energy Corporation Announces Completion of Exchange Offer for Its 8.50% Senior Notes Due 2020
July 07 2017 - 5:12PM
Resolute Energy Corporation (the “Company” or “Resolute”)
(NYSE:REN) announced today the completion of its offer to exchange
(the “Exchange Offer”) up to $125,000,000 aggregate principal
amount of its 8.50% Senior Notes due 2020, which have been
registered under the Securities Act of 1933, as amended (the
“Exchange Notes”), for up to $125,000,000 of its outstanding
unregistered 8.50% Senior Notes due 2020, which were issued on May
12, 2017 (the “Old Notes”).
The exchange offer expired at 5:00 p.m. New York
City time on July 3, 2017. As of the expiration date, $125,000,000
in aggregate principal amount, or 100% of the Old Notes had been
validly tendered for exchange and not withdrawn. Resolute accepted
all of the Old Notes tendered in exchange for a like principal
amount of the corresponding series of the Exchange Notes, and
settlement occurred on July 7, 2017.
This press release is for informational purposes
only and is neither an offer to exchange, nor a solicitation of an
offer to sell, the Exchange Notes or any other securities, and
shall not constitute an offer, solicitation or sale to holders in
any jurisdiction in which the making or acceptance thereof would
not be in compliance with the securities, blue sky or other laws of
such jurisdiction.
About Resolute Energy
Corporation
Resolute is an independent oil and gas company
focused on the acquisition and development of unconventional oil
and gas properties in the Delaware Basin portion of the Permian
Basin of west Texas. Resolute also operates Aneth Field, located in
the Paradox Basin in Utah. The Company's common stock is traded on
the NYSE under the ticker symbol “REN.”
Forward-Looking Statements
This press release contains forward-looking
statements including those regarding the timing of the Exchange
Offer. The word “will” and similar expressions are intended to
identify the forward-looking statements. These forward-looking
statements involve risks and uncertainties, many of which are
beyond the Company’s control, and important factors could cause the
Company’s actual results to differ materially from those in the
forward-looking statements. For additional information on factors
that could affect the forward-looking statements, see the Company’s
risk factors, as they may be amended from time to time, set forth
in the Company’s filings with the SEC, including its Registration
Statement on Form S-4. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any such statements presented herein to reflect any
change in expectations or any change in events, conditions or
circumstances on which any such statements are based, except as
required by applicable law or regulation.
Contact:
HB Juengling
Vice President - Investor Relations
Resolute Energy Corporation
303-534-4600, extension 1555
hbjuengling@resoluteenergy.com
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