Resolute Energy Corporation Announces Withdrawal of Proposed Senior Notes Offering
November 13 2017 - 6:11PM
Resolute Energy Corporation (“Resolute” or the “Company”)
(NYSE:REN) announced today that it has decided not to proceed with
the previously announced offering of $550 million of senior notes
as a result of broader market conditions.
We approached the market as an opportunistic means to refinance
our existing 8.5% senior notes due 2020. However, the Company
has concluded that current terms and conditions available in the
market were not sufficiently attractive for Resolute to move
forward with the transaction.
This press release is for informational purposes only and does
not constitute an offer to sell, or the solicitation of an offer to
buy any securities.
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. The Company's common stock is traded on the NYSE under
the ticker symbol "REN."
Contact:HB JuenglingVice President - Investor
RelationsResolute Energy Corporation303-534-4600, extension
1555hbjuengling@resoluteenergy.com
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