Certain beneficial holders (the “Noteholders”) of 8.50% Senior Notes due 2020 of Resolute Energy Corporation (the “Company”) outstanding under that certain Indenture, dated as of April 25, 2012, among the Company, certain of its subsidiaries, and the trustee thereunder (as amended, restated, supplemented, or otherwise modified from time to time) are publicly disclosing information that was provided to the Noteholders in discussions with the Company regarding a potential debt exchange, financing, or other transaction concerning the Company (any one or more of the foregoing, a “Possible Transaction”).
In accordance with the confidentiality agreements previously disclosed by the Company on a Current Report on Form 8-K furnished to the U.S. Securities and Exchange Commission on April 28, 2016, the Noteholders are providing the information contained in this release as a supplement to the additional information publicly disclosed by the Company in such Form 8-K.
In connection with a Possible Transaction, a junior lien intercreditor agreement (a “Junior Lien ICA”) was discussed and drafts of such document were proposed. Copies of the draft Junior Lien ICA delivered by the Company to the Noteholders on March 22, 2016, and the draft Junior Lien ICA delivered by the Noteholders to the Company on April 11, 2016 are posted to the following URLs:
http://www.kccllc.net/3L/document/8842100160429000000000002
http://www.kccllc.net/3L/document/8842100160429000000000003
The Noteholders make no representations or warranties whatsoever with respect to the information contained in this press release and posted to the URLs noted above, and disclaim any responsibility of any kind to anyone for any use of, or reliance on, this information or any omissions therefrom.
This press release should be read in conjunction with, and is supplemented in its entirety by, the more complete information posted to the URLs above.
The Noteholders are represented by Davis Polk & Wardwell LLP.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160429006025/en/
Contacts:
Katie Moss
katie.moss@davispolk.com
