Whiting Petroleum Corporation · Bankruptcy · 2020

6.25% Senior Notes due 2023

Whiting Petroleum Corporation · CUSIP 966387AP7. 8 verified questions on this obligation.

Verified outcome

EligibleIs the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?

Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.

Source clauses

Fourth Supplemental Indenture of 2015-03-27

Form of Supplemental Indenture
ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
ARTICLE 2 THE NOTES
AMENDMENT, SUPPLEMENT AND WAIVER
ARTICLE 2
Whiting Petroleum Corporation, a Delaware corporation, promises to pay to
Authorized Officer
Authorized Officer
Authorized Officer
Authorized Officer
Authorized Officer

Currency: USD
Final maturity: 2023-04-01
Seniority: Senior
Governing law: State of New York
Form: Registered
Transferable: Yes (no contractual transfer restriction)
Coupon: 6.25%

Questions and verified answers

#1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Eligible
Fourth Supplemental Indenture of 2015-03-27
#2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
Yes
Fourth Supplemental Indenture of 2015-03-27
- Whiting Petroleum Corporation, a Delaware corporation, promises to pay to
#3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
Yes
Fourth Supplemental Indenture of 2015-03-27
- ARTICLE 2 THE NOTES
- Authorized Officer
#4 Does the instrument meet the Not Subordinated characteristic?
Yes
Fourth Supplemental Indenture of 2015-03-27
- ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
- Authorized Officer
#5 Does the instrument meet the Not Bearer characteristic?
Yes
Fourth Supplemental Indenture of 2015-03-27
- ARTICLE 2
- Authorized Officer
#6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
Yes
None: no clause making principal contingent was found.
#7 Does the instrument meet the Transferable characteristic?
Yes
Fourth Supplemental Indenture of 2015-03-27
- AMENDMENT, SUPPLEMENT AND WAIVER
- Authorized Officer
#8 Is the issuer of the instrument the Reference Entity?
Yes
Fourth Supplemental Indenture of 2015-03-27
- Form of Supplemental Indenture
- Authorized Officer

#	Question	Verified answer	Source clauses
1	Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent? Deliverability	Eligible	Fourth Supplemental Indenture of 2015-03-27 Form of Supplemental Indenture ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE ARTICLE 2 THE NOTES AMENDMENT, SUPPLEMENT AND WAIVER ARTICLE 2 Whiting Petroleum Corporation, a Delaware corporation, promises to pay to Authorized Officer Authorized Officer Authorized Officer Authorized Officer Authorized Officer
2	Does the instrument meet the Maximum Maturity characteristic (30 years)? Deliverable Obligation Characteristic	Yes	Fourth Supplemental Indenture of 2015-03-27 Whiting Petroleum Corporation, a Delaware corporation, promises to pay to
3	Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)? Deliverable Obligation Characteristic	Yes	Fourth Supplemental Indenture of 2015-03-27 ARTICLE 2 THE NOTES Authorized Officer
4	Does the instrument meet the Not Subordinated characteristic? Deliverable Obligation Characteristic	Yes	Fourth Supplemental Indenture of 2015-03-27 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE Authorized Officer
5	Does the instrument meet the Not Bearer characteristic? Deliverable Obligation Characteristic	Yes	Fourth Supplemental Indenture of 2015-03-27 ARTICLE 2 Authorized Officer
6	Is the instrument Not Contingent (principal not reducible for a reason other than payment)? Additional check	Yes	None: no clause making principal contingent was found.
7	Does the instrument meet the Transferable characteristic? Deliverable Obligation Characteristic	Yes	Fourth Supplemental Indenture of 2015-03-27 AMENDMENT, SUPPLEMENT AND WAIVER Authorized Officer
8	Is the issuer of the instrument the Reference Entity? Reference Entity	Yes	Fourth Supplemental Indenture of 2015-03-27 Form of Supplemental Indenture Authorized Officer

Documents

Terms come from these documents. Fields the record omits show as not stated.

DOC-1 Whiting 8-K filed 2020-04-01, Item 1.03 Bankruptcy (and Item 2.04), petition 2020-04-01excerpts
DOC-2 Fourth Supplemental Indenture dated March 27, 2015, 6.25% Senior Notes due 2023 (EX-4.3)excerpts
DOC-3 Senior Indenture dated September 12, 2013 (base indenture, EX-4.1)excerpts

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