Kodiak to start roadshow Tuesday for $550 million eight-year notes

By Paul A. Harris

Portland, Ore., Nov. 14 - Kodiak Oil & Gas Corp. will begin a roadshow on Tuesday for its $550 million offering of eight-year senior notes, according to an informed source.

The deal is set to price later in the present week.

Credit Suisse Securities (USA) LLC, KeyBanc Capital Markets, RBC Capital Markets and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection and feature a three-year 35% equity clawback and a 101% poison put.

The Denver-based energy exploration and development company plans to use the proceeds to fund acquisitions, to pay down debt and for general corporate purposes.

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