Rex Energy Corp. - 2016-02-03
Description
Opened an offer to exchange 8.875% notes due 2020 and the 6.250% notes due 2022 for its new 10.00% senior secured second-lien notes due 2020 and about 10.1 million common shares. Consents are being sought from eligible holders regarding proposed amendments to the indentures governing the two series of notes being exchanged. These amendments would eliminate or modify restrictive covenants. The offer is scheduled to expire on March 3. The early tender deadline is Feb. 17. The settlement date is scheduled for March 3. D.F. King & Co. Inc. is the information agent.