Current WLL Stock Info

Whiting announces completion of offering of $1 billion of senior notes due 2026 in addition to irrevocable notice of redemption of 2019 notes

Whiting Petroleum Corporation (ticker: WLL) announced today that it completed its previously announced private unregistered offering to eligible purchasers of $1 billion aggregate principal amount of 6.625% senior notes due 2026 (referred to as the “notes”).

Whiting received approximately $987.5 million in aggregate net proceeds from the sale of the notes. Whiting expects to use the net proceeds from the sale of the notes to redeem all of its 5.000% senior notes due 2019 (referred to as the “2019 Notes”) and pay related fees and expenses, including the redemption premium and accrued interest on the 2019 Notes. In connection with the closing of the sale of the notes, Whiting irrevocably provided notice to the trustee of the indenture governing the 2019 Notes to redeem the 2019 Notes on January 26, 2018.


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