Deal Details
Follow-on Offering
Summary
Baird served as a co-manager in this offering
About
Kodiak Oil & Gas Corp. (NYSE: KOG) (“KOG” or the “Company”) recently completed a follow-on offering of 48,300,000 shares of its common stock at a price of $7.75 per share, generating gross proceeds of approximately $374.3 million. The Company intends to use the net proceeds of the offering to help finance the purchase price of the Company’s proposed January 2012 acquisition of Williston Basin assets, repay outstanding debt under its first and second lien credit agreements, fund capital expenditures related to drilling, development and infrastructure, principally in the Bakken play located in North Dakota, and for general corporate purposes, including financing the potential acquisition of oil and gas properties in certain core areas, such as the Bakken play.KOG, based in Denver, is an independent energy exploration and development company focused on exploring for, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains.
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- Date
- November 2011
- Company
- Kodiak Oil & Gas Corp.
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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