Continental Resources Announces Redemption Of 8 1/4 % Senior Notes Due 2019
Continental Resources, Inc. (NYSE: CLR) announced that it will redeem all of its outstanding 8 ¼% Senior Notes due October 1, 2019 (the “2019 Notes”) on July 11, 2014, the redemption date.
The redemption price for the 2019 Notes will be equal to the sum of the principal amount of the 2019 Notes outstanding, the make-whole amount calculated in accordance with the terms of the 2019 Notes and the related indenture under which the 2019 Notes were issued, and the accrued and unpaid interest on the 2019 Notes up to the redemption date of July 11, 2014. The aggregate principal amount of the 2019 Notes outstanding is $300,000,000.
Additional information concerning the terms and conditions of the redemption are fully described in the Notice distributed to holders of the 2019 Notes. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.
Source: Continental Resources