Unit Corporation extends offer for senior notes

Tulsa’s Unit Corporation announced this week the extension of the Early Tender Date for its previously announced offer to exchange senior notes. The extension was announced after the offer resulted in  $162.5 million in notes that had been exchanged as of Nov. 29, 2019.

The offer applies to the company’s outstanding 6.625% Senior Subordinated Notes due 2021 which can be exchanged for newly issued 10.000% Senior Secured Notes due 2024 and 7.000% Junior Secured Notes due 2025.

“The Early Tender Date was previously extended to 5:00 P.M., New York City time, on Friday, November 29, 2019 and will now be further extended to be the Expiration Date of the Exchange Offer, which is 11:59 P.M., New York City Time, on Friday, December 13, 2019, unless extended or earlier terminated by the Company,” according to the announcement.


BofA Securities is acting as dealer manager in connection with the proposed Exchange Offer and Consent Solicitation.