Continental Resources Inc, a crude-oil concentrated, independent oil and natural gas exploration and production company, on Friday sold $300 million of senior notes in the 144a private placement market, said market sources.
Bank of America, RBS, and Wells Fargo were the joint bookrunning managers for the sale.
BORROWER: CONTINENTAL RESOURCES INC
AMT $300 MLN COUPON 8.250 PCT MATURITY 10/1/2019
TYPE SNR NOTES ISS PRICE 99.160 FIRST PAY 4/1/2010
MOODY'S B2 YIELD 8.375 PCT SETTLEMENT 9/23/2009
S&P DOUBLE-B SPREAD 494 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS*
*MAKE-WHOLE CALL 50 BPS.