Whiting Petroleum amends loan, allowing for redemption of notes

By Sara Rosenberg

New York, Aug. 9 - Whiting Oil and Gas Corp. amended its credit facility on Monday, allowing for the redemption of $370 million of 7¼% senior subordinated notes due in 2012 and 2013, according to an 8-K filed with the Securities and Exchange Commission.

Funds for the redemption will come from borrowings under the credit facility.

JPMorgan is the administrative agent on the deal.

Whiting is a Denver-based oil and gas company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.