Kodiak Oil & Gas to pay down first-lien debt to $50.8 million balance

By Toni Weeks

San Diego, Jan. 10 - Kodiak Oil & Gas Corp. intends to use the proceeds of its upcoming offering of $300 million of senior notes due 2021 to pay down a portion of the outstanding debt under its first-lien credit agreement, according to a press release.

The company will pay down enough debt so that the remaining outstanding balance will be $50.8 million, the release noted.

Kodiak is a Denver-based independent oil and gas exploration and production company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.