 DENVER, Feb. 10, 2021 GLOBE NEWSWIRE -- Bonanza Creek Energy, Inc. NYSE: BCEI Bonanza Creek or the Company and HighPoint Resources Corporation HighPoint NYSE: HPR today announced that Bonanza Creek has commenced offers to exchange each, an Exchange Offer and, collectively, the Exchange Offers shares of its common stock and newly issued 7.5 Senior Notes due 2026 the Bonanza Creek Senior Notes for any and all of the 7.0 Senior Notes due October 15, 2022 the 2022 Notes of HighPoint Operating Corporation HighPoint OpCo and the 8.75 Senior Notes due June 15, 2025 of HighPoint OpCo the 2025 Notes and, together with the 2022 Notes, the HighPoint Senior Notes. The Exchange Offers are being commenced in connection with Bonanza Creeks proposed acquisition of HighPoint. HighPoint OpCo is a wholly-owned subsidiary of HighPoint. 