Referenced Stocks

Kodiak Oil & Gas Revises Upsizes, Prices Offering of Senior Notes; Shares Lower in Late Session

By Midnight Trader,  January 10, 2013, 04:29:28 PM EDT

Kodiak Oil & Gas Corp. ( KOG ) has upsized and priced a private offering of $350 million in aggregate principal amount of senior notes due 2021 in a private placement to eligible investors. The notes will bear interest at 5.50% per annum and are being issued at a price of 100% of their face amount. The notes will be jointly and severally guaranteed on a senior basis by the company's subsidiary, Kodiak Oil & Gas ( USA ) Inc. and by certain future subsidiaries. Kodiak expects to close the notes offering on January 15, 2013, subject to the satisfaction of customary closing conditions.

KOG is down 0.3% at $9.29 after-hours, trading in a 52-week range of $6.92 - $10.90. Shares have fallen 6% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: KOG, USA



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