Whiting’s $1 Billion Notes Offering

Simpson Thacher represented the initial purchasers in connection with the offering by Whiting Petroleum Corporation of $1 billion aggregate principal amount of 6.625% Senior Notes due 2026.

The offering was upsized from $750 million to $1 billion. J.P. Morgan Securities LLC acted as the bookrunning manager for the offering. The senior notes were offered in reliance on Rule 144A and Regulation S under the Securities Act. The net proceeds from the offering will be used to redeem all of Whiting’s 5% Senior Notes due 2019 and pay related fees and expenses.

Whiting is an independent oil and gas company engaged in exploration, development, acquisition and production of crude oil, natural gas and natural gas liquids primarily in the Rocky Mountains region of the United States. Whiting’s common shares are listed for trading on The New York Stock Exchange under the symbol WLL.

The Simpson Thacher team included John Lobrano (Picture), David Azarkh, Rodrigo Surcan dos Santos, Andrew Hwang and Lily Picón (Capital Markets); Marcy Geller and Nicole Humphrey (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Jeanne Annarumma and Monisha Bhayana (Executive Compensation and Employment Benefits); and Andrew Pagliughi (Blue Sky).

 

Involved fees earner: John Lobrano – Simpson Thacher & Bartlett; David Azarkh – Simpson Thacher & Bartlett; Rodrigo Surcan dos Santos – Simpson Thacher & Bartlett; Andrew Hwang – Simpson Thacher & Bartlett; Lily Picon – Simpson Thacher & Bartlett; Marcy Geller – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Jeanne Annarumma – Simpson Thacher & Bartlett; Monisha Bhayana – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: JP Morgan Securities;

 

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Author: Ambrogio Visconti