Resolute Energy Corp. (NYSE: REN) will withdraw its $550 million in senior notes after a lack of appetite due to “broader market conditions,” the company said Nov. 13.

Resolute said it saw the market as an opportunistic means to refinance its $525 million in senior notes due in 2020. The company concluded that current terms and conditions available in the market weren’t attractive enough for Resolute to move forward. Resolute had intended to refinance its debt by adding about $25 million and pushing its debt due date to 2025.

Resolute’s borrowing base was amended last month and updated earlier this month to reflect the sale of the Aneth Field properties, resulting in a slight reduction in the base to $210 million from $219 million, Capital One Securities said in a Nov. 14 report. “We currently estimate that the company will exit 2017 with about $200 million liquidity including the Aneth sale proceeds,” said analyst Richard Tullis.

Resolute closed the sale of Aneth Field assets to Elk Petroleum on Nov. 6. Resolute will receive up to $195 million, depending on payments linked to commodity prices.