Halcón Provides Update on its Balance Sheet Initiatives
February 08 2016 - 9:45AM
Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”)
today provided an update on its balance sheet initiatives.
As previously indicated, Halcón continues to proactively explore
multiple options to strengthen its balance sheet. Over the course
of 2015 the Company reduced its net debt by approximately $1
billion through various balance sheet restructuring efforts
including debt for equity exchanges and discounted debt for debt
exchanges.
The Company has significant liquidity, a valuable hedge book,
quality assets, and a vested management team that is working hard
on behalf of the Company and all of its stakeholders. Halcón has no
formal plan or strategy in place at this time but continues to
review options with respect to further restructuring its balance
sheet. The Company does not intend to comment on inaccurate media
reports related to such efforts or the professionals it may engage
to assist the Company in its evaluation and does not intend to make
any further announcements concerning its review of alternatives
unless and until it determines that additional disclosures are
necessary or appropriate.
Quentin Hicks
SVP, Finance & Investor Relations
Halcón Resources
(832) 538-0557
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