Extraction Oil & Gas Holdings LLC and its wholly owned subsidiary, Extraction Finance Corp., will offer $500 million of senior unsecured notes due 2021 in a private placement, according to a July 11 press release.
The net proceeds will repay in full and terminate the second-lien term loan facility, including any related premium, fees and expenses, Extraction Oil said. Any remaining proceeds will repay outstanding revolving credit facility borrowings.
Extraction Oil & Gas Holdings LLC is based in Denver.
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