UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 29, 1997
Date of Report (Date of earliest event reported)_______________________________
MAGNUM HUNTER RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
NEVADA 1-12508 87-0462881
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 East Las Colinas Boulevard, Suite 1200, Irving, Texas 75039
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 401-0752
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
The Registrant announced on May 29, 1997, that it had placed, through a Rule
144A private placement offering, $140 million in Senior Notes due 2007.
Net proceeds from the sale of the Senior Notes was used to completely repay the
Registrant's outstanding senior term loan facility in the principal amount of
$60 million and a substantial portion of the Registrant's outstanding revolving
credit facility. The Notes have a 10% coupon, with interest payable on June 1
and December 1, commencing on December 1, 1997.
The offering was made through four initial Purchasers, being BT Securities
Corporation, Paribas Corporation, First Union Capital Markets Corp., and
PaineWebber Incorporated.
This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy the Notes. The Notes offered have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration requirements.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
None
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MAGNUM HUNTER RESOURCES, INC.
/s/ Gary C. Evans
BY:____________________________
Gary C. Evans
President and CEO
Dated: May 30, 1997
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