WildHorse to repay revolver borrowings via proceeds from add-on notes

By Sarah Lizee

Olympia, Wash., April 18 – WildHorse Resource Development Corp. plans to repay the borrowings outstanding under its revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Wednesday that it intends to offer a $200 million add-on to its 6 7/8% senior notes due 2025.

Proceeds will also be used for general corporate purposes.

WildHorse is an oil and natural gas company based in Houston.

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