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Continental Resources Inc Announces Pricing Of $1.5 Billion Offering Of New Senior Notes Due 2023

Tuesday, 2 Apr 2013 05:19pm EDT 

Continental Resources Inc announced the pricing of its private placement of $1.5 billion of new 4 ½% senior unsecured notes due 2023. The notes were sold at par. The offering is expected to close on April 5, 2013, subject to customary closing conditions. Continental intends to use the net proceeds from the offering of the notes to repay its borrowings outstanding under its revolving credit facility and for general corporate purposes.