Kodiak closes exchange offering for senior notes

Kodiak Oil & Gas Corp.

Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, has completed its offers to exchange any and all of its $350 million outstanding principal amount of 5.50% senior notes due 2021 for an equal amount of new 5.50% senior notes due 2021, and to exchange any and all of its $400 million outstanding principal amount of 5.50% senior notes due 2022 for an equal amount of new 5.50% senior notes due 2022.

The registered exchange offers, which expired on Dec. 2, fulfilled the company's obligations regarding the registration of the 2021 notes and 2022 notes, which were issued on Jan. 15 and July 26, respectively. Pursuant to registration rights agreements entered into by the company in connection with the sale of the outstanding notes, Kodiak agreed to file a registration statement with the Securities and Exchange Commission relating to the offers and the exchange notes.

All of the holders of the outstanding notes participated in the exchange offers, and the company exchanged all of the outstanding notes that were tendered by the holders of those notes for the exchange notes. The exchange notes contain substantially identical terms to the outstanding notes.

 

 

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