HOUSTON--(BUSINESS WIRE)--
WildHorse Resource Development Corporation (NYSE: WRD) today announced that it has extended its offer to exchange up to $500,000,000 of new 6.875% Senior Notes due 2025 (the “new notes”) that have been registered under the Securities Act of 1933, as amended, for an equal amount of outstanding unregistered 6.875% Senior Notes due 2025 (the “old notes”). As a result of the extension, the exchange offer is now scheduled to expire at 5:00 P.M., New York City time, on November 20, 2017, unless further extended.
The exchange offer was originally set to expire at 5:00 P.M., New York City time, on November 13, 2017. As of this date, tenders of approximately $499.8 million aggregate principal amount, or 99.95%, of the old notes have been received pursuant to the exchange offer. Except for the extension of the exchange offer, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus, dated October 12, 2017.
This press release is not an offer to exchange the new notes for the old notes or the solicitation of an offer to exchange the new notes for the old notes, which we are making only through the exchange offer prospectus and the related letter of transmittal.
About WildHorse Resource Development
WildHorse Resource Development Corporation is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana.
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