 DENVER, Oct. 05, 2021 GLOBE NEWSWIRE -- Bonanza Creek Energy, Inc. Bonanza Creek NYSE: BCEI announced today that, subject to market conditions, it intends to offer 400 million in aggregate principal amount of senior unsecured notes due 2026 the Notes in a private placement the Offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended the Securities Act. Bonanza Creek expects to use the net proceeds from the Offering, together with cash on hand, to repay all borrowings outstanding under the CPPIB Crestone Peak Resources America Inc. Crestone Peak credit facility, to repay borrowings under Bonanza Creeks credit facility and for general corporate purposes. The Notes will be subject to a special mandatory redemption in the event that the transactions contemplated by the Extraction Oil Gas Inc. Extraction merger agreement and the Crestone Peak merger agreement are not consummated. 