Key Developments: Resolute Energy Corp (REN.N)

REN.N on New York Stock Exchange

8.97USD
2 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Resolute Energy Corp Announces Closing Of Common Stock Offering
Tuesday, 14 May 2013 10:10am EDT 

Resolute Energy Corp announced that it has closed its previously announced registered underwritten public offering of 13,250,000 shares of common stock. Certain selling stockholders also closed on the offering of an additional 5,437,500 shares (including 2,437,500 shares of common stock sold pursuant to the over-allotment option which was exercised by the underwriters). All shares of common stock were sold to the public at an offering price of $8.00 per share. The resulting net proceeds to the Company, after deducting underwriting discounts and commissions, were approximately $101.8 million. The Company intends to use its portion of the net proceeds from the offering to repay outstanding borrowings under its revolving credit facility.  Full Article

Resolute Energy Corp Announces Pricing of Common Stock Offering
Thursday, 9 May 2013 01:55am EDT 

Resolute Energy Corp announced the pricing of a previously announced registered underwritten public offering of 13,250,000 shares of common stock offered by the Company and 3,000,000 shares of common stock offered by certain selling stockholders. All of the shares will be sold at a price per share to the public of $8.00. The selling stockholders have granted to the underwriters a 30-day option to purchase up to an additional 2,437,500 shares solely to cover over-allotments, if any, on the same terms and conditions. The Company intends to use its portion of the net proceeds from the offering to repay outstanding balances under its revolving credit facility. The Company expects the offering to close on May 14, 2013. Barclays, BMO Capital Markets, Citigroup, Raymond James and Wells Fargo Securities will act as joint book-runners for the offering, Johnson Rice & Company L.L.C. and Capital One Southcoast will act as senior co-managers for the offering and Global Hunter Securities, Scotiabank / Howard Weil, Ladenburg Thalmann & Co. Inc., SunTrust Robinson Humphrey and Wunderlich Securities will act as co-managers for the offering.  Full Article

Resolute Energy Corp Announces Common Stock Offering
Tuesday, 7 May 2013 04:01pm EDT 

Resolute Energy Corp announced that it intends, subject to market conditions, to offer 13,250,000 shares of its common stock in an underwritten public offering. In addition, certain selling stockholders will also offer 3,000,000 shares of common stock for sale in connection with the Company's offering at the same price per share and on the same terms as offered by the Company. Pricing and number of shares offered will be determined in the context of the market. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 2,437,500 shares solely to cover over-allotments, if any. The Company intends to use its portion of the net proceeds from the offering to repay outstanding balances under its revolving credit facility. Barclays, BMO Capital Markets, Citigroup, Raymond James and Wells Fargo Securities will act as joint book-runners for the offering, and Johnson Rice & Company L.L.C. and Capital One Southcoast will act as senior co-managers for the offering.  Full Article

Resolute Energy Corp Raises FY 2013 Production Guidance
Friday, 5 Apr 2013 09:00am EDT 

Resolute Energy Corp announced that for fiscal 2013, the production will be 4.7 to 5.5 million Boe (MMBoe).  Full Article

Resolute Energy Corp Issues FY 2013 Production Guidance
Monday, 25 Feb 2013 04:47pm EST 

Resolute Energy Corp announced that for fiscal 2013, it expects production to be 4.3 to 4.7 million Boe (MMBoe).  Full Article

Resolute Energy Corp Announces Closing Of $150 Million Add-On Offering Of 8.50% Senior Notes Due 2020
Monday, 10 Dec 2012 04:30pm EST 

Resolute Energy Corp announced that the closing of its private placement of an additional $150 million in principal amount of its 8.50% senior notes due 2020 ("Senior Notes"). The Senior Notes were issued at 101.25% of par, resulting in a yield to maturity of 8.268% (and a yield to worst of 8.205%). The Senior Notes are general unsecured senior obligations of the Company and guaranteed on a senior unsecured basis by the Company's existing subsidiaries. The net proceeds of the offering, after reflecting initial purchaser discounts and commissions, and offering expenses, were approximately $147.8 million. Resolute intends to use the net proceeds from the Senior Notes offering to fund its pending acquisition of Permian Basin oil and gas assets for approximately $120 million, to repay indebtedness under its revolving credit facility, which matures in April 2017, and for general corporate purposes. If the pending acquisition is not consummated, Resolute plans to use the net proceeds of the sale of the Senior Notes to repay indebtedness under its revolving credit facility, to develop its existing assets and for general corporate purposes.  Full Article

Resolute Energy Corp Announces Pricing Of $150 Million Add-On Offering Of 8.50% Senior Notes Due 2020
Thursday, 6 Dec 2012 07:30am EST 

Resolute Energy Corp announced the pricing of its private placement of an additional $150 million in principal amount of its 8.50% senior notes due 2020 ("Senior Notes"). The Senior Notes will be issued at 101.25% of par. The offering is expected to close on December 10, 2012, subject to customary closing conditions. The Senior Notes will be general unsecured senior obligations of the Company and guaranteed on a senior unsecured basis by the Company's existing subsidiaries. Resolute intends to use the net proceeds from the Senior Notes offering to fund its pending acquisition of Permian Basin oil and gas assets for approximately $120 million, to repay indebtedness under its revolving credit facility, which matures in April 2017, and for general corporate purposes. However, the offering of Senior Notes is not conditioned on such acquisition. If the pending acquisition is not consummated, Resolute plans to use the net proceeds of the sale of the Senior Notes to repay indebtedness under its revolving credit facility, to develop its existing assets and for general corporate purposes.  Full Article

Resolute Energy Corp Announces $150 Million Add-On Offering of 8.50% Senior Notes Due 2020
Wednesday, 5 Dec 2012 07:00am EST 

Resolute Energy Corp announced that it has launched an offering for an additional $150 million in principal amount of its 8.50% senior notes due 2020 ("Senior Notes"). The notes will be general unsecured obligations of the Company and guaranteed on a senior basis by the Company's existing subsidiaries. Resolute intends to use the net proceeds from the Senior Notes offering to fund its pending acquisition of Permian Basin oil and gas assets for approximately $120 million, to repay indebtedness under its revolving credit facility, which matures in April 2017, and for general corporate purposes.  Full Article

Resolute Energy Corp Acquires Oil Production And Acreage
Monday, 3 Dec 2012 08:00am EST 

Resolute Energy Corp announced that it has entered into a definitive agreement to acquire oil assets, including existing production and undeveloped acreage, in the Permian Basin of Texas and southeast New Mexico from a private party for a purchase price of approximately $120 million. The transaction is expected to close on or about December 21, 2012. The Company expects to finance the acquisition with debt. The transaction has an effective date of August 1, 2012.  Full Article

Resolute Energy Corp Reaffirms FY 2012 Production Guidance-Conference Call
Monday, 5 Nov 2012 10:00pm EST 

Resolute Energy Corp announced that it remain confident that it will meet its year-over-year production growth guidance of 15% for fiscal 2012.  Full Article

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