Resolute Energy Corporation (NYSE: REN) announced a $250 million notes offering. 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 repay indebtedness under its revolving credit facility, which matures in April 2017, to fund a portion of its capital expenditure budget and for general corporate purposes. The notes have not yet been priced, although we would expect a pricing announcement ...

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