Resolute Energy to repay credit facility debt via add-on to 8½% notes

By Wendy Van Sickle

Columbus, Ohio, April 5 – Resolute Energy Corp. plans to repay the borrowings currently outstanding under its senior credit facility with some proceeds of a $75 million add-on to its 8½% senior notes due May 1, 2020, according to a press release.

The company priced the add-on notes (Caa1/B-/B+) in a quick-to-market trade on Thursday following a mid-morning conference call with investors.

The remainder of the proceeds will be used for general corporate purposes including capital expenditures related to its previously announced 2018 plan.

The independent oil and natural gas exploration and production company is based in Denver.

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