Unit Corporation extends deadline for note exchange

Tulsa’s Unit Corporation is extending the expiration date of its previously announced note exchange.

“We are extending the Expiration Date of the Exchange Offer. The Expiration Date was previously 11:59 p.m., New York City time, on Friday, December 13, 2019 and will now be 11:59 p.m., New York City time, on Friday, January 10, 2020, unless further extended,” stated the company in Monday’s announcement.

The offer involves an exchange of all outstanding 6.625% Senior Subordinated Notes due 2021 for newly issued 10.000% Senior Secured Notes due 2024 and 7.000% Junior Secured Notes due 2025.

BofA Securities is acting as dealer manager in connection with the proposed Exchange Offer and Consent Solicitation. Holders of the Old Notes may contact BofA Securities toll-free at (888) 292-0070 or collect at (980) 388-4813 with questions they may have regarding the Exchange Offer. Global Bondholder Services Corporation is serving as information and exchange agent for the proposed Exchange Offer and Consent Solicitation.