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GMX Resources Reports Results For Senior Notes Exchange Offers

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September 18, 2012

GMX Resources Inc. (GMXR) announced that it had received tenders from the holders of approximately $24.9 million in aggregate principal amount, or approximately 47.9%, of its outstanding 5.00% senior convertible notes due 2013 and approximately $38.0 million in aggregate principal amount, or approximately 44.0%, of its outstanding 4.50% senior convertible notes due 2015 in connection with its previously announced exchange offers for the convertible notes.

Holders tendering 2013 notes will receive new senior secured second-priority notes due 2018 and shares of the company's common stock. Holders tendering 2015 notes will ...


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