Whiting Petroleum Corp. priced its private unregistered offering to eligible buyers of $1 billion of senior notes due 2026 at par, according to a Dec. 12 news release.
The offering was upsized from the previous amount of $750 million. Proceeds from the offering will be used to redeem all of the company's 5% senior notes due 2019 and pay related expenses, including the redemption premium and accrued interest on the 2019 notes.
The offering is expected to close Dec. 27.
