OKLAHOMA CITY, July 12, 2018 /PRNewswire/ -- Continental
Resources, Inc. (NYSE: CLR) ("Continental" or the "Company")
announced today that it will redeem $400
million in aggregate principal amount, representing
approximately 20% of the $2.0 billion
in aggregate principal amount currently outstanding, of its 5%
Senior Notes due 2022 (the "Notes") on August 16, 2018, the
redemption date for the Notes.
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The redemption price for the Notes called for redemption will be
equal to 101.667% of the principal amount, plus accrued and unpaid
interest, if any, to the redemption date in accordance with the
terms of the Notes and the indenture under which the Notes were
issued. The Notes to be redeemed will be selected in accordance
with the procedures of The Depository Trust Company. Interest on
the portion of the Notes selected for redemption will cease to
accrue on and after the redemption date.
Additional information concerning the terms and conditions of
the redemption is contained in the notice distributed to holders of
the Notes. Beneficial holders with any questions about the
redemption should contact their respective brokerage firm or
financial institution.
Cautionary Statement for the Purpose of the "Safe Harbor"
Provisions of the Private Securities Litigation Reform Act of
1995
This press release includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
included in this press release other than statements of historical
fact, including, but not limited to, forecasts or expectations
regarding the Company's business and statements or information
concerning the Company's future operations, performance, financial
condition, production and reserves, schedules, plans, timing of
development, rates of return, budgets, costs, business strategy,
objectives, and cash flows are forward-looking statements. When
used in this press release, the words "could," "may," "believe,"
"anticipate," "intend," "estimate," "expect," "project," "budget,"
"plan," "continue," "potential," "guidance," "strategy," and
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words.
Forward-looking statements are based on the Company's current
expectations and assumptions about future events and currently
available information as to the outcome and timing of future
events. Although the Company believes these assumptions and
expectations are reasonable, they are inherently subject to
numerous business, economic, competitive, regulatory and other
risks and uncertainties, most of which are difficult to predict and
many of which are beyond the Company's control. No assurance can be
given that such expectations will be correct or achieved or that
the assumptions are accurate. The risks and uncertainties include,
but are not limited to, the ability to complete the redemption and
the other risks described under Part I, Item 1A. Risk Factors and
elsewhere in the Company's Annual Report on Form 10-K for the year
ended December 31, 2017, registration
statements and other reports filed from time to time with the SEC,
and other announcements the Company makes from time to time.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date on
which such statement is made. Should one or more of the risks or
uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, the Company's actual
results and plans could differ materially from those expressed in
any forward-looking statement. All forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
Except as otherwise required by applicable law, the Company
undertakes no obligation to publicly correct or update any
forward-looking statement whether as a result of new information,
future events or circumstances after the date of this report, or
otherwise.
Investor
Contacts:
|
Media
Contact:
|
Rory
Sabino
|
Kristin
Thomas
|
Vice President,
Investor Relations
|
Senior Vice
President, Public Relations
|
405-234-9620
|
405-234-9480
|
Rory.Sabino@CLR.com
|
Kristin.Thomas@CLR.com
|
|
|
Lucy Guttenberger
|
|
Senior Investor
Relations Associate
|
|
405-774-5878
|
|
Lucy.Guttenberger@CLR.com
|
|
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SOURCE Continental Resources