Whiting Petroleum Corp. (NYSE: WLL) priced its offering of $400 million 5.75% senior notes due 2021 in a private placement to eligible purchasers at 101% of par.
The notes will be unsecured and unconditionally guaranteed by Whiting’s wholly-owned subsidiary, Whiting Oil and Gas Corp. These notes have not been registered under the Securities Act or the securities laws of any state. The private placement is expected to close on Sept. 26.
Net proceeds will be used for general corporate purposes including capital expenditures.
Whiting Petroleum Corp. is an independent energy ...