Whiting Petroleum Completes Offering of Senior Notes
Whiting Petroleum has completed a public offering of $350 million aggregate principal amount of its 61/2% senior subordinated notes due 2018. Whiting received net proceeds of approximately $342.6 million from the offering, after deducting the underwriter discount and commissions and estimated expenses of the offering. Whiting used these net proceeds to repay a portion of the debt outstanding under its credit agreement.
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