HighPoint Resources Corp

NYSE:HPR   3:59:40 PM EDT
9.87
+1.42 (+16.80%)
Debt Financing / Related, Bankruptcy / Related, Mergers / Acquisitions

Bonanza Creek Announces Transformative Agreement To Acquire Restructured Highpoint Resources

Published: 11/09/2020 12:01 GMT
(HPR) - Bonanza Creek Announces Transformative Agreement to Acquire Restructured Highpoint Resources.
Highpoint Resources Corp - Transaction Valued at Approximately $376 Million As of November 6.
Highpoint Resources Corp - Bonanza Creek Will Issue 9.8 Million Shares of Common Stock and Up to $100 Million in Senior Unsecured Notes in Transaction.
Highpoint Resources- Bonanza Creek, Co Agreed to Commence Solicitation of Prepackaged Plan of Reorganization Under Chapter 11 of U.S. Bankruptcy Code.
Highpoint Resources Corp - Bonanza Creek Shareholders Will Own Approximately 68% of Combined Company.
Highpoint Resources Corp - Expect That Rbl for Combined Company Will Be Determined in Coming Weeks.
Highpoint Resources Corp - Deal Accretive on All Key Financial Metrics.
Highpoint Resources Corp - 2021 Bonanza Full Year Production is Expected to Average Between 45,000 and 50,000 Boe/d.
Highpoint Resources- If Minimum Participation Condition Not Met, Co to File Petitions Under Chapter 11 With U.
S Bankruptcy Court in Delaware.