Oklahoma City business briefs, Oct. 30

Oklahoma City business briefs, Oct. 30
by Steve Lackmeyer Published: October 30, 2012

BUSINESS BRIEFS

Devon keeps credit line open

Devon Energy Corp. and its Canadian subsidiaries on Monday said they have opened a new five-year, $3 billion revolving credit facility. The credit line replaces a similar facility that is set to expire. The company has no balance on the existing credit line.

“This is a safeguard or backstop should we need quick access to cash,” Devon spokesman Tim Hartley said. “Given current conditions and operations, we haven't needed that and don't expect to need it.”

Chaparral extends senior notes

Chaparral Energy Inc. has extended the expiration date for senior notes expiring in 2022, the company announced Monday. The offer, which has been set to expire Monday, will remain valid until 4 p.m. Friday. More than $393 million worth of senior notes had been tendered as of Monday.

New book details downtown OKC

Oklahoma authors Steve Lackmeyer and Jack Money will celebrate the release of “Operation Scissortail” during a book signing 6:30 to 8:30 p.m. Tuesday at Full Circle Bookstore. The book details the monthslong development of Devon Energy Center and Project 180 — the $141 million makeover of downtown streets, sidewalks and parks. The retail price for “Operation Scissortail” is $45. It will be available for purchase at Full Circle Bookstore. The book is distributed through Oklahoma-based Full Circle Press. For more information, contact Full Circle Bookstore at 842-2900.

From Staff Reports

by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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