Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Halcon Resources Corp. > News item |
Halcon Resources granted final approval of $35 million DIP facility
By Caroline Salls
Pittsburgh, Sept. 6 – Halcon Resources Corp. obtained final court approval to access $35 million in debtor-in-possession financing, according to an order filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
The financing is being provided by members of an informal group of noteholders to fund Halcon’s operations during the bankruptcy process.
Wilmington Trust, NA is the DIP facility agent.
The facility is scheduled to mature six months from closing.
Interest will accrue at the alternate Base rate plus 450 basis points or Eurodollar plus 550 bps.
Halcon is a Houston-based independent energy company. The company filed bankruptcy on Aug. 7 under Chapter 11 case number 19-34446.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.