debt
confidence high
sentiment neutral
materiality 0.30
Chord amends credit agreement for SOFR flexibility; Whiting units guarantee 6.375% notes due 2026
Chord Energy Corp
- Entered First Amendment to Credit Agreement on Aug 8, 2022 to provide additional flexibility for SOFR borrowings and add one-week interest period.
- Whiting Holdings LLC and Whiting Oil and Gas Corporation guaranteed Chord's 6.375% Senior Notes due 2026 via Second Supplemental Indenture dated Aug 12, 2022.
- Guarantee added as post-merger integration step following the Oasis Petroleum–Whiting Petroleum merger that closed July 1, 2022.