DENVER, CO–(Marketwired – Dec 19, 2016) – Resolute Energy Corporation (NYSE: REN) (the “Company” or “Resolute“) today announced that it intends to offer and sell 3,800,000 shares of its common stock in an underwritten public offering. The Company intends to use the net proceeds from the offering to repay the Company’s second lien secured term loan, with any additional proceeds to be used to partially repay outstanding debt under the Company’s revolving credit facility. The Company will grant the underwriters in the common stock offering an option for 30 days to purchase up to an additional 570,000 shares of common stock.
The common stock will be offered pursuant to a prospectus supplement and an accompanying prospectus filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3.
BMO Capital Markets and Goldman, Sachs & Co. will serve as joint book-running managers for the common stock offering. The prospectus supplement and accompanying prospectus relating to the offering may be obtained by sending a request to: BMO Capital Markets Corp., Attention: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, New York 10036, or by telephone: (800) 414-3627 or by email: [email protected], or Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone: (866) 471-2625, facsimile: (212) 902-9316 or by email: [email protected].