Kodiak Oil & Gas Corp. (NYSE: KOG) has upsized and priced a private offering of $350 million in aggregate principal amount of senior notes due 2021 in a private placement to eligible investors.
The notes will bear interest at 5.50% per annum and are being issued at a price of 100% of their face amount. The notes will be jointly and severally guaranteed on a senior basis by Kodiak's subsidiary, Kodiak Oil & Gas (USA) Inc. Kodiak expects to close the notes offering on Jan. 15.
Net proceeds will be ...