WildHorse Resource Development prices $150M add-on offering of additional senior notes

WildHorse Resource Development Corp. (NYSE: WRD) has priced its previously announced private placement to eligible purchasers of $150 million in aggregate principal amount of its 6.875% senior unsecured notes due 2025 at an issue price of 98.26% of par. The senior notes are being offered as additional notes to the $350 million aggregate principal amount of 6.875% senior notes due 2025 that WRD previously issued on February 1, 2017. The additional senior notes and the senior notes issued on February 1, 2017 will be treated under the Indenture as a single class of debt securities and will have identical terms. The offering is expected to close on September 19, 2017, subject to customary closing 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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