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Resolute Energy -11% after pulling debt offering

Published 11/14/2017, 02:47 PM
© Reuters.  Resolute Energy -11% after pulling debt offering
REN
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  • Resolute Energy (REN -11.6%) plunges after withdrawing its previously announced offering of $550M of senior notes, citing broader market conditions.
  • REN had intended to refinance its debt by adding ~$25B and pushing its debt due date to 2025.
  • REN’s borrowing base was amended last month and updated earlier this month to reflect the sale of its Aneth Field properties, resulting in a slightly reduced base of $210M from $219M.
  • Now read: Resolute Energy (REN) Presents At Johnson Rice & Company 2017 Energy Conference - Slideshow


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