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Whiting Petroleum commences $750M private offering

Whiting Petroleum Corp. launched a private unregistered offering of $750 million of senior notes due 2026 to eligible buyers, with proceeds to be used to redeem its 5% senior notes due 2019.

Along with the proceeds from the private offering, the company also plans to use borrowings under a Whiting Oil and Gas Corp. credit agreement to redeem the 2019 notes, according to a Dec. 12 news release.