Oasis Increases Debt Offering To $400M

By Houston Business Journal

Oasis Petroleum Inc. has priced a private placement of $400 million in 7.25 percent senior unsecured notes due 2019, the company said Friday.

The offering â¿¿ which is expected to close on Feb. 2 â¿¿ was previously announced at $300 million.

Houston-based Oasis (NYSE: OAS) said it plans to use the money to fund exploration, development and acquisitions.

In June 2010, Oasis launched a $588 million initial public offering, the largest for a Houston company that year.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/houston/news/2011/01/28/oasis-increases-debt-offering-to-400m.html?ana=thestreet

Copyright bizjournals.com 2010

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