Bonanza creek energy and highpoint resources announce expected closing date of merger

Denver, march 26, 2021 (globe newswire) -- bonanza creek energy, inc. (nyse: bcei) (the “company” or “bonanza creek”) and highpoint resources corporation (nyse: hpr) (“highpoint”) today announced that they expect to close the previously announced merger (the “merger”) on april 1, 2021. the closing of the merger remains subject to the conditions set forth in highpoint's prepackaged plan of reorganization (the “prepackaged plan”), the agreement and plan of merger, dated as of november 9, 2020, by and among bonanza creek, highpoint, and boron merger sub, inc. (the “merger agreement”), the transaction support agreement, dated as of november 9, 2020, by and among highpoint, highpoint operating corporation, fifth pocket production, llc, certain consenting holders of highpoint operating corporation's 7.0% senior notes due october 15, 2022 and 8.75% senior notes due june 15, 2025 (collectively, the “highpoint senior notes”), and certain consenting highpoint stockholders, and related transaction documents.
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