Bonanza creek energy, inc. and highpoint resources announce final results of exchange offer and consent solicitations

Denver, march 12, 2021 (globe newswire) -- bonanza creek energy, inc. (nyse: bcei) (the “company” or “bonanza creek”) and highpoint resources corporation (“highpoint”) (nyse: hpr) today announced the expiration and results of bonanza creek's previously announced offer to exchange (the “exchange offer”) shares of its common stock and newly issued 7.5% senior notes due 2026 (the “bonanza creek senior notes”) for any and all of the 7.0% senior notes due october 15, 2022 (the “2022 notes”) of highpoint operating corporation (“highpoint opco”) and the 8.75% senior notes due june 15, 2025 of highpoint opco (the “2025 notes” and, together with the 2022 notes, the “highpoint senior notes”) as of 5:00 p.m. new york city time on march 11, 2021 (the “expiration deadline”). the exchange offers were commenced in connection with bonanza creek's proposed acquisition of highpoint. highpoint opco is a wholly-owned subsidiary of highpoint.
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