Posted On: 12/05/2012 9:10:03 AM
Post# of 28499
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HOUSTON, TX--(Marketwire - Dec 5, 2012) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (the "Company") announced today that it has priced an underwritten public offering of depositary shares ("Depositary Shares"), each representing a 1/1,000th interest in a share of its 8% Series E Cumulative Convertible Preferred Stock (with a liquidation preference of $25,000 per share, which is equivalent to $25 per Depositary Share) (the "Series E Preferred Stock"). The Company is offering 1,000,000 Depositary Shares at a public offering price of $23.50 per share. In connection with the offering, UBS Investment Bank, MLV & Co. LLC and Wunderlich Securities, Inc. have acted as joint book running managers.
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