Cimarex Energy Co.


Cimarex Energy Co. has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2029, which will carry an interest rate of 4.375%.  The notes were sold to the public at 99.862% for a yield to maturity of 4.392%. Cimarex intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility. As of March 5, 2019, Cimarex had approximately $525 million of borrowings outstanding under its revolving credit facility, all of which was used to fund the redemption of all $600 million aggregate principal amount of Resolute Energy's 8.5% senior notes due 2020 in connection with the completion of its acquisition of Resolute.

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