Finance & Investing | Fundraising | Capital Markets
Whiting Commences Senior Note Offering Exchange
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Whiting Petroleum Corporation has commenced an offer to exchange all of its outstanding, unregistered 6.25% Senior Notes due 2023 for new, registered 6.25% Senior Notes due 2023.
The terms of the New Notes to be issued in the exchange offer are substantially identical to those of the Original Notes, except that the New Notes will not have securities law transfer restrictions, and the registration rights relating to the Original Notes and the New Notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.