Continental Resources $1.6 billion senior notes offering
Davis Polk advised the representatives of the initial purchasers on a Rule 144A / Regulation S offering by Continental Resources, Inc. of $800 million aggregate principal amount of its 2.268% senior notes due 2026 and $800 million aggregate principal amount of its 2.875% senior notes due 2032.
Continental Resources is a top 10 independent oil producer in the United States. Based in Oklahoma City, Continental is the largest leaseholder and the largest producer in the nation’s premier oil field, the Bakken play of North Dakota and Montana. Continental Resources also has significant positions in Oklahoma, including its SCOOP Woodford and SCOOP Springer discoveries and the STACK plays.
The Davis Polk capital markets team included partner Derek Dostal and counsel Jennifer Ying Lan. Partner Lucy W. Farr and associate Eitan Ulmer provided tax advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice. All members of the Davis Polk team are based in the New York office.