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Monday, May 14, 2012

KOG To Offer $100 Million In Senior Notes

Link here.
...a private offering of an additional $100 million in aggregate principal amount of senior notes due 2019 in a private placement to eligible investors. The notes will bear interest at 8.125% per annum.  The notes are being offered as additional notes under an existing indenture pursuant to which Kodiak previously issued $650 million aggregate principal amount of 8.125% senior notes due 2019....Kodiak intends to use the net proceeds of the offering to repay all of the outstanding debt under Kodiak's first lien credit agreement, to fund capital expenditures for drilling, development and infrastructure, principally in the Bakken play located in North Dakota ... 

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