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Occidental Petroleum | 8-K: Term Loan Agreement

Occidental Petroleum | 8-K: Term Loan Agreement

西方石油 | 8-K：定期贷款协议
美股sec公告 ·  2023/12/28 00:00
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On December 28, 2023, Occidental Petroleum Corporation (Occidental) announced the entry into a $4.7 billion Term Loan Agreement with Bank of America, N.A., and other financial institutions. This agreement is structured to provide Occidental with a 364-day senior unsecured term loan facility of $2.0 billion and a two-year senior unsecured term loan facility of $2.7 billion. The funds from these facilities are intended to finance the acquisition of CrownRock, L.P., refinance certain debts of the acquired entity, and cover related fees and expenses. The interest rates for these loans will vary based on Occidental's credit ratings by Moody's and Standard & Poor's and are subject to certain conditions. Additionally, Occidental is obligated to maintain a specific debt to capitalization ratio and is subject to customary covenants and events of default, which if not remedied, could lead to the immediate repayment of the loans.
On December 28, 2023, Occidental Petroleum Corporation (Occidental) announced the entry into a $4.7 billion Term Loan Agreement with Bank of America, N.A., and other financial institutions. This agreement is structured to provide Occidental with a 364-day senior unsecured term loan facility of $2.0 billion and a two-year senior unsecured term loan facility of $2.7 billion. The funds from these facilities are intended to finance the acquisition of CrownRock, L.P., refinance certain debts of the acquired entity, and cover related fees and expenses. The interest rates for these loans will vary based on Occidental's credit ratings by Moody's and Standard & Poor's and are subject to certain conditions. Additionally, Occidental is obligated to maintain a specific debt to capitalization ratio and is subject to customary covenants and events of default, which if not remedied, could lead to the immediate repayment of the loans.
2023年12月28日，西方石油公司（Occidental）宣布与美国银行、N.A. 和其他金融机构签订了47亿美元的定期贷款协议。该协议旨在向西方航空提供为期364天的20亿美元优先无抵押定期贷款额度和27亿美元的两年期高级无抵押定期贷款额度。这些融资机制的资金旨在为收购CrownRock, L.P. 提供资金，为被收购实体的某些债务再融资，并支付相关费用和开支。这些贷款的利率将根据穆迪和标准普尔的西方信用评级而有所不同，并受某些条件的约束。此外，西方有义务维持特定的债务与资本化比率，并受习惯契约和违约事件的约束，如果不加以补救，可能会导致贷款立即偿还。
2023年12月28日，西方石油公司（Occidental）宣布与美国银行、N.A. 和其他金融机构签订了47亿美元的定期贷款协议。该协议旨在向西方航空提供为期364天的20亿美元优先无抵押定期贷款额度和27亿美元的两年期高级无抵押定期贷款额度。这些融资机制的资金旨在为收购CrownRock, L.P. 提供资金，为被收购实体的某些债务再融资，并支付相关费用和开支。这些贷款的利率将根据穆迪和标准普尔的西方信用评级而有所不同，并受某些条件的约束。此外，西方有义务维持特定的债务与资本化比率，并受习惯契约和违约事件的约束，如果不加以补救，可能会导致贷款立即偿还。
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