Petrohawk Energy has raised $600 million in a sale of senior notes in the 144a private placement market. The company intends to use the proceeds to repay borrowings outstanding under its senior revolving credit facility and for working capital for general corporate purposes.
The notes, which carry a coupon rate of 6.25%, are due to mature on June 1, 2019. The oil and natural gas company appointed Wells Fargo, Barclays, BMO Capital, BNP Paribas, Goldman Sachs, JP Morgan, Bank of America Merrill Lynch and RBC as the joint bookrunning managers for the deal.
Click here for the release from PR Newswire.
