Oil Companies Are Getting a Second Chance in the Bond Market


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Energy companies desperate to head off a potential funding squeeze are getting a second chance in the bond market, allowing them to keep drilling as they seek to weather the oil-price slump.

Halcon Resources Corp., run by one of the architects of the U.S. shale boom, sold $700 million of bonds Tuesday that pay junk yields while pledging assets to back the debt.

Source : http://www.bloomberg.com/news/articles/2015-04-21/oil-firms-find-debt-reprieve-in-u-s-as-buyers-binge-on-bargains