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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, December 5, 5:14 AM

Slide #456. Halcn Resources Corporation Preferred Stock Offering

Company: Halcn Resources Corporation (HK)
Date announced: 6/12/2013
Shares Offered: 300,000
Date of Pricing: 6/13/2013
Preferred Stock Offering Details: Halcn Resources Corporation (NYSE: HK) ("Halcn" or the "Company") today announced that it has commenced, subject to market conditions, an underwritten public offering of $300 million of the Company's Series A Cumulative Perpetual Convertible Preferred Stock. Halcn intends to grant the underwriters for the offering a 30-day option to purchase up to an additional $45 million in additional shares to cover over-allotments, if any. --updated 6/13 - Halcn Resources Corporation (NYSE: HK) ("Halcn" or the "Company") today announced that it has priced a public offering of 300,000 shares, or $300 million aggregate liquidation preference, of its 5.75% Series A Cumulative Perpetual Convertible Preferred Stock ("Perpetual Preferred Stock"). Each share of Perpetual Preferred Stock has a liquidation preference of $1,000 per share and is convertible, at the holder's option, initially into 162.4431 shares of Halcn's common stock based on an initial conversion price of approximately $6.16 per share of the Company's common stock, in each case subject to adjustments. Halcn does not intend to apply to list the Perpetual Preferred Stock on any securities exchange or any automated dealer quotation system.

Halcon Resources is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the U.S. Co. focuses on oil and natural gas acquisition, production, exploration and development in the Delaware Basin. Co.'s properties and drilling activities are focused in the Delaware Basin in Pecos, Reeves, Ward and Winkler Counties, TX.
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Name: 
Halcon Resources Corp
Website: 
www.halconresources.com
Sector: 
Oil & Gas Exploration & Production
 

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