Whiting Petroleum announces $750 million offering of eight-year notes

By Paul A. Harris

Portland, Ore., March 23 – Whiting Petroleum Corp. announced in a Monday press release that it plans to sell $750 million of senior notes due 2023 via Rule 144A and Regulation S.

The company also plans to sell up to $1.15 billion of convertible senior notes.

The Denver-based energy company plans to use the proceeds, along with proceeds from a stock offering, to repay all or a portion of the amount outstanding under its credit agreement and any remainder for general corporate purposes.

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