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Halcon Resources Bolsters Credit Facility; Closes On East Texas Assets

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August 2, 2012

Halcón Resources Corporation (NYSE: HK) announced that it has closed on the previously announced acquisitions of GeoResources, Inc. and assets in East Texas. The Company has also amended its senior secured revolving credit facility increasing the Company's liquidity.

Concurrent with the closing of the GeoResources transaction, approximately $725 million of net proceeds from the issuance of senior unsecured notes on July 16, 2012 were released from escrow and used to fund the approximate $532 million cash portion of the GeoResources acquisition, and to partially fund the cash consideration of the ...

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