Petrohawk Energy has raised a total of $400 million in a sale of senior notes. The size of the deal has been increased from an initially planned $300 million. The bonds, which carry a coupon rate of 7.25%, will mature on Aug. 15, 2018.
The U.S. independent energy company will use the proceeds from the offering to redeem all its outstanding 7.5% senior notes due April 1, 2012 and for general corporate purposes. The sole book-running manager for the sale was Barclays, adds Reuters.
Click here for the release from Petrohawk.
Click here for additional coverage fromReuters.