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Halcon Resources completes $500 million revolver led by JPMorgan
By Sara Rosenberg
New York, Feb. 8 - Halcon Resources Corp. closed on a new $500 million five-year senior secured undrawn revolving credit facility, according to a news release.
J.P. Morgan Chase Bank is the administrative agent on the deal and acted as the lead arranger.
Pricing can range from Libor plus 150 basis points to 250 bps based on utilization.
The revolver has a $225 million borrowing base.
Proceeds were used to refinance an existing revolver.
Halcon Resources is a Houston-based independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties.
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