Resolute Energy Corporation Announces Exchange Offer
09 Mai 2018 - 12:00PM
Resolute Energy Corporation (the “Company” or “Resolute”)
(NYSE:REN) announced today that it has commenced a registered
exchange offer (the “Exchange Offer”) to exchange up to $75,000,000
aggregate principal amount of its 8.50% Senior Notes due 2020 which
have been registered under the Securities Act of 1933, as amended
(the “Exchange Notes”), for up to $75,000,000 of its outstanding
unregistered 8.50% Senior Notes due 2020, which were issued on
April 9, 2018 (the “Old Notes”).
The sole purpose of the Exchange Offer is to fulfill the
Company’s obligations pursuant to a registration rights agreement
entered into by the Company in connection with the sale of the Old
Notes. Under that agreement, the Company agreed to file with the
Securities and Exchange Commission (the “SEC”) a registration
statement relating to the Exchange Offer whereby Exchange Notes,
containing substantially identical terms to the Old Notes, would be
offered in exchange for Old Notes that are validly tendered by the
holders of those notes. After consummation of the Exchange
Offer, but not before, the Exchange Notes will be fungible with,
and have the same CUSIP or ISIN numbers as, the Company’s existing
8.50% Senior Notes due 2020 previously issued in an offering
registered under the Securities Act of 1933, as amended.
The Exchange Offer will expire at 5:00 p.m., Eastern Time, on
June 7, 2018, unless extended (such time and date, as the same may
be extended, the “Expiration Date”). Old Notes tendered pursuant to
the Exchange Offer may be withdrawn at any time prior to the
Expiration Date by following the procedures set forth in the
prospectus dated May 8, 2018 pertaining to the Exchange Offer (the
“Exchange Offer Prospectus”). The terms of the Exchange Offer are
contained in the Exchange Offer Prospectus and related letter of
transmittal. The Company has retained Delaware Trust Company to act
as exchange agent for the Exchange Offer.
Requests for assistance or for copies of the Exchange Offer
Prospectus and the related letter of transmittal should be directed
to:
Delaware Trust Company c/o Corporation Service Company 1180
Avenue of the Americas New York, NY 10036 Fax: 302-636-8666 Phone:
877-374-6010
This press release is for informational purposes only and is
neither an offer to exchange, nor a solicitation of an offer to
sell, the Exchange Notes. The Exchange Offer is made solely
pursuant to the Exchange Offer Prospectus, including any
supplements thereto. The Exchange Offer is not being made to
holders in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction.
Cautionary Statements
The statements in this press release relating to the timing of
the Exchange Offer are “forward-looking statements” within the
meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Resolute undertakes no
obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after the
date of this press release. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement.
About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the
acquisition and development of unconventional oil and gas
properties in the Delaware Basin portion of the Permian Basin of
west Texas. The Company’s common stock is traded on the NYSE under
the ticker symbol “REN.”
Contact:HB JuenglingVice President - Investor
Relations Resolute Energy Corporation303-534-4600, extension
1555hbjuengling@resoluteenergy.com
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