Continental Resources Offers $1 billion in Notes

A $1 billion offering of unsecured notes has been announced by Oklahoma City-based Continental Resources Inc. The offering involves 4 3/8% senior notes due 2028 and the offering is expected to close Dec. 8 subject to customary closing conditions.

In making the announcement, the company said it “intends to use the net proceeds from this offering to repay in full and terminate its $500 million term loan” and to also repay part of the outstanding borrowings under its revolving credit facility.

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