Halcón Resources Corporation’s Bankruptcy Exit Financing


Simpson Thacher represented Bank of Montreal, as administrative agent and lead arranger, in the $750 million exit facility in connection with Halcón Resources Corporation’s financial restructuring and emergence from bankruptcy.

The exit financing was effectuated through a plan of reorganization filed with the United States Bankruptcy Court for the Southern District of Texas on August 7, 2019 and was consummated upon Halcón’s exit from bankruptcy on October 8, 2019.

Halcón is an independent oil and gas company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.

The Simpson Thacher team included Erland Modesto (Picture), Andrew Lanius and Devin Ralston (Credit); Sandy Qusba and Jamie Fell (Bankruptcy); Michael Isby (Environmental); Robert Holo and Abigail Hopper (Tax); and Andrew Blau and Caitlin Grimes (Executive Compensation and Employee Benefits).

Involved fees earner: Andrew Blau – Simpson Thacher & Bartlett; Jamie Fell – Simpson Thacher & Bartlett; Caitlin Grimes – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Andrew Lanius – Simpson Thacher & Bartlett; Erland Modesto – Simpson Thacher & Bartlett; Sandeep Qusba – Simpson Thacher & Bartlett; Devin Ralston – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of Montreal;