S&P Cuts Halcón Resources (HK) to 'SD' Following Debt Exchange Deal
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/26/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- White House blocks CNN from Air Force One trip, Washington Post reports
- Exclusive-SK Hynix's Solidigm weighs IPO that could value the unit at up to $150 billion, sources say
- Merck and Daiichi Sankyo withdraw lung cancer drug application
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Fox Factory sells Marucci Sports for $225M, cuts debt
Halcón Resources (HK) Enters Debt Exchange Agreements
August 28, 2015 6:40 AM EDTHalcón Resources (NYSE: HK) announced that it has entered into privately negotiated exchange agreements with certain holders of its outstanding unsecured debt securities as part of its efforts to deleverage the Companys balance sheet.
Halcón has agreed to issue approximately $1.02 billion aggregate principal amount of new 13.00% Third Lien Senior Secured Notes due 2022 (the New Notes) in exchange for approximately $1.57 billion aggregate principal amount of its outstanding unsecured debt securities (the Existing Notes) as follows:
$497.2 million of its 9.75% Senior Unsecured Notes due 2020;$774.7 million of its 8.875% Senior Unsecured Notes due 2021;... More