Text Size:
A | A

GMX Resources Executes Senior Secured Notes Exchange Offer

Text Size: A | A
 
August 9, 2012

GMX RESOURCES INC.(GMXR) announced that it has commenced offers to exchange for (i) all of its existing 5.00% Convertible Senior Notes due 2013, of which $51,997,000.00 aggregate principal amount is currently outstanding, in exchange for (a) new Senior Secured Second-Priority Notes due 2018 and (b) shares of the Company's common stock, and (ii) a limited amount of its existing 4.50% Convertible Senior Notes due 2015, in exchange for the New Notes.

Pursuant to the terms of the Exchange Offers, the Company is offering to exchange (a) for each $1,000.00 principal ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription