XEC » Topics » Item 8.01 Other Events.

This excerpt taken from the XEC 8-K filed Dec 16, 2008.

Item 8.01  Other Events.


On December 16, 2008, Cimarex Energy Co., a Delaware corporation (the “Company”), issued a press release announcing the final results of the offer (the “Offer”) by the Company to purchase for cash, on the terms and subject to the conditions set forth in the Company Notice and Offer to Purchase, dated October 30, 2008, as amended, and in the related Letter of Transmittal, all of the Company’s Floating Rate Convertible Senior Notes Due 2023 (the “Notes”), as required by, and pursuant to the terms of the Indenture dated as of December 15, 2003, among Magnum Hunter Resources, Inc., the subsidiary guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee, as supplemented.  The Offer expired on December 15, 2008 at 5:00 p.m., New York City time.


At the time of expiration, the Company was advised by Deutsche Bank Trust Company Americas, the Depositary and the Information Agent for the Offer, that pursuant to the terms of the Offer, Notes in the aggregate principal amount of $105,550,000 were validly tendered and not properly withdrawn prior to the expiration of the Offer.  The Company has accepted for purchase all of the Notes validly tendered and not properly withdrawn.  The purchase price for the Notes pursuant to the Offer was $1,000 in cash per $1,000 principal amount of the Notes.  The aggregate purchase price for all the Notes validly tendered and not properly withdrawn was $105,550,000.  The Company has forwarded cash in payment of the aggregate purchase price to the Depositary for distribution to the holders of the tendered Notes.  The Company funded its purchase of the tendered Notes from its existing bank credit facility.  Following the Company’s purchase of the tendered Notes pursuant to the Offer, Notes in an aggregate principal amount of $19,450,000 remain outstanding.


The press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K.


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