Whiting Petroleum Corp. will offer $1.9 billion in senior notes due in 2019 and 2021, allowing the company to repay all its outstanding debt.
Denver-based Whiting (NYSE: WLL) announced its plans Monday.
It later said it will offer $1.1 billion of senior notes maturing March 15, 2019, at 5 percent interest, and $800 million maturing March 15, 2021, at 5.75 percent.
The money also will be used to fund its $260 million purchase of mineral rights in Williston Basin and retire its $250 million of outstanding…
Whiting Petroleum Corp. will offer $1.9 billion in senior notes due in 2019 and 2021, allowing the company to repay all its outstanding debt.
Denver-based Whiting (NYSE: WLL) announced its plans Monday.
It later said it will offer $1.1 billion of senior notes maturing March 15, 2019, at 5 percent interest, and $800 million maturing March 15, 2021, at 5.75 percent.
The money also will be used to fund its $260 million purchase of mineral rights in Williston Basin and retire its $250 million of outstanding…