Lonestar Resources US Inc.


Closed its offering of fully guaranteed 11.25% senior notes due 2023 that were issued under a January indenture by and among LRAI, the subsidiary guarantors named therein and UMB Bank NA, as trustee. The notes are not guaranteed by the company, which is not subject to the terms of the indenture. Net proceeds will be used to retire Lonestar’s existing 8.75% senior unsecured notes due April 2019, which bear about $162 million in principal, interest and prepayment premium. Remaining net proceeds will reduce senior secured credit facility borrowings. Lonestar and lenders amended facility to maintain $160 million borrowing base. Facility’s maturity was extended to July 2020.

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