Oasis Petroleum Inc.
Description
Priced at par a private placement to eligible purchasers 6.375% senior unsecured notes due 2026. Proceeds will be used to fund a portion of the consideration in connection with the recently announced acquisition of select Williston Basin assets from QEP Energy Co., a subsidiary of Diamondback Energy Inc., and to pay related fees and other expenses. If the Williston Basin acquisition is not consummated, the notes will be redeemed at a redemption price equal to 100% of the issue price of the notes, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.