Petrohawk Energy Corp. - 2011-01-14
Description
Priced a private offering of its outstanding series of 7 1/4% senior notes due 2018. The company increased the size of the offering from the previously announced $300 million to $400 million.
Petrohawk originally offered and sold an aggregate principal amount of $825 million of its 7 1/4% senior notes due 2018 in August 2010.
Net proceeds from the offering are expected to be used to redeem all of Petrohawk's outstanding 7 1/2% senior notes due April 1, 2012 and to provide working capital for general corporate purposes.