Extraction Oil & Gas starts tender offer for 7 7/8% notes due 2021

New York, Jan. 18 – Extraction Oil & Gas, Inc. began a tender offer for its $550 million of 7 7/8% senior notes due 2021, according to a news release.

The company is offering $1,065.71 per $1,000 principal amount plus accrued interest up to but excluding the settlement date.

Tenders may be submitted up until the expiration time of 5 p.m. ET on Jan. 24.

Settlement is planned for Jan. 25.

The offer has conditions including completion of a debt financing that raises at least $600 million.

Credit Suisse Securities (USA) LLC (800 820-1653 or 212 538-2147) is dealer manager. D.F. King & Co., Inc. (800 331-5963, 212 269-5550 or www.dfking.com/extraction) is information agent.

Extraction Oil & Gas is a Denver-based exploration and development company primarily focused on crude oil, natural gas and natural gas liquids in the Wattenberg field in the Denver-Julesburg basin of Colorado.

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