Halcon Resources Corp. (NYSE: HK) announced that it intends to offer $700 million in aggregate principal amount of senior unsecured notes due 2021. Halcon intends to use the net proceeds from the offering to fund the cash consideration payable in connection with its pending acquisition of producing and undeveloped oil and gas assets in the Williston Basin.
The offering is expected to close into escrow, subject to release upon closing of the Williston Basin assets acquisition.
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