Continental Resources to use note proceeds to pay down credit facility

By Tali David

Minneapolis, March 5 - Continental Resources, Inc. plans to use the proceeds of its $650 million offering of senior notes due 2022 to repay a portion of the amounts outstanding under its revolving credit facility and for general corporate purposes, the company announced in a press release.

Continental Resources is an Enid, Okla.-based independent oil and natural gas exploration and production company.

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