Denver’s Extraction Oil & Gas Inc. said late Thursday it plans to sell $750 million worth of senior unsecured notes to private investors.
That’s an increase from the $600 million the company said earlier Thursday it planned to sell.
The notes will carry an annual interest rate of 5.625 percent and be due for repayment in 2026. Extraction said it plans to use the money — along with cash on hand if needed — to buy all the outstanding senior notes that carry an interest rate of 7.875 percent…
Denver’s Extraction Oil & Gas Inc. said late Thursday it plans to sell $750 million worth of senior unsecured notes to private investors.
That’s an increase from the $600 million the company said earlier Thursday it planned to sell.
The notes will carry an annual interest rate of 5.625 percent and be due for repayment in 2026. Extraction said it plans to use the money — along with cash on hand if needed — to buy all the outstanding senior notes that carry an interest rate of 7.875 percent…