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Harvest Natural Resources Inc. Message Board

  • hoponcopper hoponcopper Dec 12, 2013 6:20 PM Flag

    Jan. 11.

    "HOUSTON, Dec. 12, 2013 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) announced today that it has provided to its noteholders a notice of redemption of all of its outstanding 11% Senior Notes due 2014. In accordance with the indenture governing the notes, they will be redeemed for 100% of their principal amount, currently $79,750,000, plus accrued and unpaid interest as of the redemption date. The redemption date is January 11, 2014. As permitted by the indenture, the redemption is conditioned on the successful completion of previously announced negotiations and definitive documents for a transaction under which Harvest would sell its interests in Harvest's Venezuelan assets in two separate transactions, and the successful closing of the first transaction"

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