Petrohawk Energy prices offering of $825 million of senior notes at 100 percent
By APWednesday, August 4, 2010
Petrohawk prices offering of $825M senior notes
HOUSTON — Independent gas and oil company Petrohawk Energy Corp. said Wednesday it has priced its offering of $825 million worth of 7.25 percent senior notes due 2018 at an offer price of 100 percent.
The company plans to use the proceeds from the offering to buy $769 million worth of 9 1/8 percent senior notes due 2013. Remaining proceeds will be used for general corporate purposes.
Petrohawk expects the offering to close around Aug. 17.
Shares rose 14 cents to $17.30 in morning trading.
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