Continental Resources to repay term loan, revolver debt via proceeds

By Sarah Lizee

Olympia, Wash., Dec. 4 – Continental Resources, Inc. plans to repay in full and terminate its $500 million term loan and repay a portion of the borrowings under its current revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Monday that it intends to offer a series of senior notes due 2028 in a private placement.

Continental Resources is an Oklahoma City-based explorer, developer and producer of crude oil and natural gas.

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