Continental Resources to sell $1B in notes

Continental Resources to sell $1B of new senior notes in private offering

Associated Press

OKLAHOMA CITY (AP) -- Continental Resources Inc. said Tuesday that it plans to sell $1 billion of new senior notes in a private offering.

The Oklahoma City-based oil and gas producer said it plans to use the net proceeds from the offering to repay some of the debt under its revolving credit facility and for general corporate purposes.

Its shares finished at $87.03 on Monday.

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