Whiting Oil and Gas to repay some bank debt with bond sale proceeds

By Sara Rosenberg

New York, Sept. 19 - Whiting Oil and Gas Corp. plans to repay a portion of the debt outstanding under its credit facility using a portion of the proceeds from parent company Whiting Petroleum Corp.'s proposed $250 million senior subordinated notes offering, according to a company news release.

Remaining proceeds will be used to pay the cash portion of the purchase price for the acquisition of the North Ward Estes properties.

Whiting Petroleum is a Denver-based energy 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.