Whiting Petroleum to repay some bank debt with common stock proceeds

By Sara Rosenberg

New York, June 21 - Whiting Petroleum Corp. plans to repay a portion of the debt outstanding under its credit facility using proceeds from an offering of 5 million shares of common stock, according to a 424B5 filed with the Securities and Exchange Commission Thursday.

Whiting is a Denver-based oil and gas company.

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