Extraction Oil & Gas, Inc. priced its previously announced private offering of senior unsecured notes due in 2026. The senior unsecured notes, which priced at par, will bear interest at 5.625% per annum. Extraction upsized the offering amount from $600 million to $750 million in aggregate principal amount. Extraction intends to use a portion of the net proceeds from this private placement to fund the tender offer to purchase any and all of its outstanding 7.875% Senior Notes due 2021, to pay any fees and expenses thereof, to redeem any 2021 Notes that remain outstanding after consummation of the Tender Offer, and the remaining net proceeds for general corporate purposes. The closing of the Notes Offering, which is subject to customary conditions, is expected to occur on January 25, 2018. 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 requirements of the Securities Act and applicable state securities laws. The Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act and to certain non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. In Canada, the Notes are to be offered and sold on a private placement basis in certain provinces of Canada.