Extraction Oil to repay second-lien term loan, pay down revolver

By Sara Rosenberg

New York, July 11 – Extraction Oil & Gas Holdings LLC plans to pay off in full its second-lien term loan and to repay outstanding borrowings under its revolving credit facility using proceeds from a $500 million senior unsecured notes offering, according to a market source.

Extraction Oil is a Denver-based oil and gas company focused on the acquisition, development and production of oil, natural gas and natural gas liquids reserves in the Rocky Mountains.

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