March 3, 2017 / 2:17 PM / 5 months ago

BRIEF-Resolute Energy to acquire 4,600 net acres in Reeves County

2 Min Read

March 3 (Reuters) - Resolute Energy Corp:

* Resolute Energy Corporation announces $160 million Delaware Basin acquisition

* Resolute Energy Corp - acquiring 4,600 net acres in Reeves County

* Resolute Energy Corp - increases reeves county holdings by 28% to approximately 21,000 net acres

* Resolute Energy- in interim, however, Resolute has entered into a commitment letter for a $100 million bridge financing facility with BMO Capital Markets

* Resolute Energy - evaluating optimal financing for transaction, anticipates that ultimate financing may have components of long-term debt and equity

* Resolute Energy Corp says expect that transaction will add materially to production beginning in second half of 2017

* Resolute Energy - in interim, Resolute has entered into a commitment letter for a $100 million bridge financing facility with BMO capital markets

* Resolute Energy Corp - transaction will have an effective date of May 1, 2017

* Resolute Energy- borrowing availability under credit facility, bridge facility would allow closing of deal without immediate long-term debt or equity issuance Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below