WildHorse Resource Development to launch of $300M senior notes offering

WildHorse Resource Development Corp. (NYSE:WRD) intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2025 in a private placement to eligible purchasers, subject to market conditions. WRD intends to use the net proceeds from the proposed offering to repay the borrowings outstanding under its revolving credit facility and for general corporate purposes.

WildHorse Resource Development Corp. is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana.

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