Resolute Energy to redeem 8½% notes with proceeds from new notes

New York, Nov. 13 – Resolute Energy Corp. plans to redeem its outstanding 8½% senior notes due 2020 using proceeds from a $550 million offering of senior notes due 2025, according to a news release.

Additional funding for the redemption will come from cash on hand.

The new bonds were announced Monday morning.

Resolute Energy is a Denver-based oil and gas company focused on unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas.

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