Continental Resources, Inc. (NYSE: CLR) announced today that it will redeem $400 million in aggregate principal amount, representing approximately 20% of the $2.0 billion in aggregate principal amount currently outstanding, of its 5% Senior Notes due 2022. The redemption price for the Notes called for redemption will be equal to 101.667% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date in accordance with the terms of the Notes and the indenture under which the Notes were issued. The Notes to be redeemed will be selected in accordance with the procedures of The Depository Trust Company. Interest on the portion of the Notes selected for redemption will cease to accrue on and after the redemption date.
Additional information concerning the terms and conditions of the redemption is contained in the notice distributed to holders of the Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.
