Chaparral Energy to pay down revolver balance with new note proceeds

By Sarah Lizee

Olympia, Wash., June 18 – Chaparral Energy, Inc. plans to pay down the outstanding balance of its revolving credit facility using proceeds from a new note offering, according to a press release.

The company said on Monday that it intends to offer $300 million of senior unsecured notes due 2023.

Proceeds will also be used for general corporate purposes.

Chaparral Energy is an oil and gas company based in Oklahoma City.

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