Continental Rscs sells $300 mln 10-yr notes

By IBTimes Staff Reporter | September 18 2009 4:40 PM

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.

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Bank of America, RBS, and Wells Fargo were the joint bookrunning managers for the sale.

BORROWER: CONTINENTAL RESOURCES INCAMT $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 9/23/2009S&P DOUBLE-B SPREAD 494 BPS PAY FREQ SEMI-ANNUALFITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS**MAKE-WHOLE CALL 50 BPS.

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