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Harvest Natural Resources Closes On $79.8 Million Loan Facility

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October 12, 2012

Harvest Natural Resources Inc. (NYSE: HNR) announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due Oct. 11, 2014, and warrants to purchase up to 686,761 shares of its common stock with an exercise price of $10 per share.  

The net cash proceeds of the offering to Harvest were approximately $63.2 million after deducting the issuance discount off the face value of the notes, placement fees, and other transaction costs.  Harvest intends to use the net proceeds of the offering to fund capital expenditures ...


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