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Kodiak Upsizes Private Placement to $400MM


Kodiak Oil & Gas Corp. upsized and priced a private offering of $400 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors.

The notes will bear interest at 5.50% per annum and are being issued at a price of 100% of their face amount. The notes will be jointly and severally guaranteed on a senior basis by Kodiak's subsidiaries, Kodiak Oil & Gas (USA) Inc., Kodiak Williston, LLC and KOG Finance, LLC. Kodiak expects to close the notes offering on July 26, 2013, subject to the satisfaction of customary closing conditions.

Kodiak intends to use the net proceeds of the offering to pay down a portion of the outstanding debt under Kodiak's credit agreement.

Announced Date
July 24,2013
Value  ( $MM )
400
Type
Equity
Use of Fund
Debt Reduction
Company
Kodiak Oil & Gas Corp.
Regions
United States
Country
United States

Contacts
Kodiak Oil & Gas Corp.
James E Catlin
COO
Denver ,Colorado ,80202
303-592-8075

James P Henderson
CFO
Denver ,Colorado ,80202
303-592-8075

Lynn Peterson
President & CEO
Denver ,80202
303-592-8075

Russ Cunningham
EVP of Exploration
Denver ,Colorado ,80202
303-592-8075

Russell A Branting
EVP of Operations
Denver ,Colorado ,80202
303-592-8075