Item 7.01 Regulation FD Disclosure.
As previously disclosed, on June 9, 2016, Halcón Resources Corporation (
Halcon
, and together with certain of its subsidiaries, the
Company
) entered into a restructuring support agreement (the
RSA
) with certain of its stakeholders with respect to the terms of a chapter 11 plan of reorganization, pursuant to which, among other things, the Company will (a) commence a solicitation for acceptance of a pre-packaged plan of reorganization based on the restructuring transactions contemplated by the RSA (the
Plan
), (b) if certain approval levels are attained from the stakeholders, file voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court in the District of Delaware (the
Bankruptcy Court
), and (c) seek approval of the Plan by the Bankruptcy Court.
On June 20, 2016, the Company commenced a solicitation for acceptance of the Plan. A copy of the disclosure statement (the
Disclosure Statement
), including the Plan attached as an exhibit thereto, is attached as Exhibit 99.1 to this Current Report on Form 8-K. In accordance with General Instruction B.2 of Form 8-K, Exhibit 99.1 shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
Exchange Act
) or otherwise subject to the liabilities of that section. Information contained in the Plan and Disclosure Statement is subject to change, whether as a result of amendments, actions of third parties or otherwise.
Cautionary Note Regarding Forward-Looking Statements
Certain statements and information included herein may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as expects, believes, intends, anticipates, plans, estimates, potential, possible, or probable or statements that certain actions, events or results may, will, should, or could be taken, occur or be achieved. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those reflected in the statements. These risks include, but are not limited to, those set forth in Halcóns Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and other filings submitted by Halcón to the U.S. Securities and Exchange Commission (
SEC
), copies of which may be obtained from the SECs website at www.sec.gov or through Halcóns website at www.halconresources.com. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Halcón has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in Halcóns expectations.