FORT WORTH, Texas, Dec. 19, 2017 /PRNewswire/ — Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) announced today that it has priced an offering of $250 million in aggregate principal amount of its 11.250% Senior Notes due 2023 (the “notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The offering is expected to close on January 4, 2018, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to redeem all of its outstanding 8.750% Senior Notes due 2019 and to reduce amounts outstanding under its revolving credit facility.
The notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act, and outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The notes and the related guarantees have not been registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.