Nov 9 (Reuters) - HighPoint Resources Corp :
* BONANZA CREEK ANNOUNCES TRANSFORMATIVE AGREEMENT TO ACQUIRE RESTRUCTURED HIGHPOINT RESOURCES
* HIGHPOINT RESOURCES CORP - TRANSACTION VALUED AT APPROXIMATELY $376 MILLION AS OF NOVEMBER 6
* HIGHPOINT RESOURCES CORP - BONANZA CREEK WILL ISSUE 9.8 MILLION SHARES OF COMMON STOCK AND UP TO $100 MILLION IN SENIOR UNSECURED NOTES IN TRANSACTION
* HIGHPOINT RESOURCES- BONANZA CREEK, CO AGREED TO COMMENCE SOLICITATION OF PREPACKAGED PLAN OF REORGANIZATION UNDER CHAPTER 11 OF U.S. BANKRUPTCY CODE
* HIGHPOINT RESOURCES CORP - BONANZA CREEK SHAREHOLDERS WILL OWN APPROXIMATELY 68% OF COMBINED COMPANY
* HIGHPOINT RESOURCES CORP - EXPECT THAT RBL FOR COMBINED COMPANY WILL BE DETERMINED IN COMING WEEKS
* HIGHPOINT RESOURCES CORP - DEAL ACCRETIVE ON ALL KEY FINANCIAL METRICS
* HIGHPOINT RESOURCES CORP - 2021 BONANZA FULL YEAR PRODUCTION IS EXPECTED TO AVERAGE BETWEEN 45,000 AND 50,000 BOE/D
* HIGHPOINT RESOURCES- IF MINIMUM PARTICIPATION CONDITION NOT MET, CO TO FILE PETITIONS UNDER CHAPTER 11 WITH U..S BANKRUPTCY COURT IN DELAWARE
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.