Cimarex Energy gets tenders for $253.42 million 5.875% notes due 2022

By Susanna Moon

Chicago, April 11 – Cimarex Energy Co. said investors had tendered $253,423,000 of its $750 million principal amount of outstanding 5.875% senior notes due 2022.

The tendered amount excludes $194,000 principal amount of notes that remain subject to guaranteed delivery procedures, according to a company notice.

As announced April 3, the cash purchase price will be $1,031.67 per $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date of April 10.

The tender offer ended at 5 p.m. ET on April 7.

The tender is contingent on closing of the company’s proposed debt financing but the offer does not require that a minimum amount of notes be tendered.

As reported April 3, the company expects to price fixed-rate senior notes due 2027.

Cimarex plans to redeem any notes not tendered in the offer on May 12, with the call to be issued Wednesday.

D.F. King & Co., Inc. (800 791-3320, 212 269-5550 or dfking.com/xec) is the information agent.

The dealer managers are J.P. Morgan Securities LLC (866 834-4666 or 212 834-3424) or Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760).

Cimarex is an oil and gas company based in Denver.

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