Petrohawk to Commence $300MM Offering of Senior Notes Due 2014
Petrohawk intends to commence a private placement offering to eligible purchasers of approximately $300 million of Senior Notes due 2014.
Proceeds of the offering are expected to be used to repay a portion of the outstanding borrowings under our senior revolving credit facility which will provide us additional financial flexibility to fund a portion of our 2009 capital budget, to fund potential acquisitions, to provide for further infrastructure expansion, and to provide working capital for general corporate purposes.
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