Vine Oil to fully repay third-lien term loan via senior note proceeds

By Sarah Lizee

Olympia, Wash., Oct. 10 – Vine Oil & Gas LP plans to fully repay its existing third-lien term loan using proceeds from an offering of $530 million senior notes due 2023, according to a press release.

Remaining proceeds will be used to pay down borrowings under its second-lien term loan and revolving credit facility.

Vine Oil is a Plano, Texas-based oil and gas exploration services company.

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