Whiting announced today that it intends to sell $400 million aggregate principal amount of 5.750% senior notes due 2021 in a private placement to eligible purchasers. The notes will be unsecured and unconditionally guaranteed by Whiting’s wholly-owned subsidiary, Whiting Oil and Gas Corporation.
Whiting expects to use the net proceeds from the sale of the notes for general corporate purposes including capital expenditures.
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