Continental Resources Inc. (CLR) said that it has priced its private placement of $300 million of 8.25% senior unsecured notes due 2019. The notes were sold at 99.160% of par to yield 8.375% to maturity. The offering is expected to close on September 23, subject to customary closing conditions.
Continental intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under its revolving credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.