Whiting begins exchange offer for senior notes

Whiting Petroleum Corp. (NYSE: WLL) has begun an offer to exchange all of its outstanding, unregistered 6.25% senior notes due 2023 for new, registered 6.25% senior notes due 2023.

The terms of the new notes to be issued in the exchange offer are substantially identical to those of the original notes, except that the new notes will not have securities law transfer restrictions, and the registration rights relating to the original notes and the new notes will not provide for the payment of additional interest under circumstances relating to the timing of the exchange offer.

The exchange offer will expire at 5 p.m. New York City time, on July 1, unless extended by Whiting Petroleum Corp. Valid tenders of the original notes must be made, and may be withdrawn at any time, before the exchange offer expires.

The Bank of New York Mellon Trust Company NA is acting as the exchange agent for this offer.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...