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Extraction Oil & Gas, Inc. Announces Pricing And Upsize Of Private Offering Of Senior Unsecured Notes

DENVER, July 18, 2017 (GLOBE NEWSWIRE) -- Extraction Oil & Gas, Inc. (Nasdaq:XOG) ("Extraction") priced its previously announced private offering of senior unsecured notes due in 2024 (the "Notes Offering"). The senior unsecured notes (the “Notes”) will bear interest at 7.375% per annum. Extraction upsized the offering amount from $350 million to $400 million in aggregate principal amount. Extraction intends to use the net proceeds of the Notes Offering to partially fund its 2017 capital expenditures and for general corporate purposes.

The closing of the Notes Offering, which is subject to customary conditions, is expected to occur on August 1, 2017. The Notes being offered by Extraction will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration...


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