(Last Updated On: August 26, 2016)
Have you suffered losses investing in Halcón Resources Bonds? If so, the securities attorneys of The White Law Group may be able to help you.
Halcón Resources is an independent oil and gas company engaged in the exploration for of crude oil, natural gas and natural gas liquids in the US and Canada. The company was founded in 2011 and is based in Houston, Texas.
The oil and gas explorer founded by wildcatter Floyd Wilson, filed for bankruptcy protection on July 27th in Delaware bankruptcy court. The agreement would eliminate $1.8 billion in debt and $200 million in annual interest payments, according to statements made in court papers.
High-yield bonds—also called non-investment-grade bonds, speculative-grade bonds, or junk bonds—are bonds that are rated below investment grade, typically ‘BB’ or lower by Standard & Poor’s and ‘Ba’ or lower by Moody’s. They pay high yields to bondholders because the borrowers credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds carry an above average risk that the issuer will default on the bond. The increased risk makes them arguably unsuitable for many investors.
Specifically, The White Law Group is investigating potential claims involving the following Halcón offerings:
Halcón Resources 12% February 15, 2022
Halcón Resources 13% February 15, 2022
Halcón Resources 8.63% February 1, 2020
Halcón Resources 8.625% February 1, 2020
Halcón Resources 9.75 % July 15, 2020
If you suffered losses investing in a Halcón Resources offering and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.