Halcón Resources Announces Redetermination of Borrowing Base
Company’s Borrowing Base Reaffirmed at $850 Million
HOUSTON, TEXAS, Oct. 29, 2015 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) (“Halcón” or the “Company”) today announced that the borrowing base under its senior secured revolving credit facility remained unchanged at $850 million following its lenders’ semi-annual redetermination process. The next borrowing base redetermination is scheduled for the spring of 2016. As of September 30, 2015, approximately $44 million was drawn on the Company's senior secured revolving credit facility.
About Halcón Resources
Halcón Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
Scott M. Zuehlke
VP, Investor Relations
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