Whiting to redeem certain senior notes

Whiting Petroleum Corp. (NYSE: WLL) has elected to redeem all of the outstanding $798 million aggregate principal amount of 8.125% senior notes due 2019 of Kodiak Oil & Gas Corp. (now known as Whiting Canadian Holding Co. ULC) on Dec. 24.

The redemption price will equal 104.063% of the aggregate principal amount of the notes, plus accrued and unpaid interest, if any, to such date.

Whiting intends to fund the redemption of the notes with borrowings under its $3.5 billion credit agreement, under which there were no borrowings as of Sept. 30.

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