Petrohawk has launched an offering of $825 million of senior notes due 2018 (the "Senior Notes"). The offering of the Senior Notes, which is subject to market availability as well as other conditions, will be made only to qualified institutional buyers and non-United States persons outside the United States.
Petrohawk intends to use the net proceeds from the Senior Notes offering to purchase its outstanding approximately $769 million aggregate principal amount of 9 1/8% senior notes due 2013 pursuant to a tender offer and, to the extent there are net proceeds remaining, for general corporate purposes.
The Senior Notes have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and state securities laws. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy the notes.
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