Oasis Petroleum has raised $400 million in a sale of senior notes in the 144a private placement market. The company plans to use the proceeds to finance its exploration, development and acquisition program and for general corporate purposes. The natural gas and oil exploration and production company appointed JP Morgan, Wells Fargo Securities, BNP Paribas and UBS as the joint bookrunning managers for the deal. The notes carry a coupon rate of 7.25%, and are due to mature on Feb. 1, 2019.
Click here for the release from PR Newswire.