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Occidental Petroleum | 8-K: Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes

Occidental Petroleum | 8-K: Occidental Announces Commencement of Exchange Offer and Consent Solicitation for CrownRock Notes

西方石油 | 8-K:西方石油公司宣布开始交换要约和同意CrownRock票据征集
美股sec公告 ·  07/19 09:15
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Occidental Petroleum Corporation (NYSE: OXY), an international energy company, announced on July 19, 2024, the commencement of a private exchange offer and consent solicitation for all outstanding 5.000% Senior Notes due 2029 issued by CrownRock, L.P. and CrownRock Finance, Inc. The exchange offer involves up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental and cash. This move follows Occidental's December 10, 2023, agreement to acquire 100% of the issued and outstanding partner interests of CrownRock from CrownRock Holdings, L.P. and CrownRock GP, LLC. The exchange offer and consent solicitation aim to amend the CrownRock Indenture, which includes eliminating most restrictive covenants and certain default events, among other changes. The offer is conditioned upon the closing of the Acquisition and is...Show More
Occidental Petroleum Corporation (NYSE: OXY), an international energy company, announced on July 19, 2024, the commencement of a private exchange offer and consent solicitation for all outstanding 5.000% Senior Notes due 2029 issued by CrownRock, L.P. and CrownRock Finance, Inc. The exchange offer involves up to $376,084,000 aggregate principal amount of new notes to be issued by Occidental and cash. This move follows Occidental's December 10, 2023, agreement to acquire 100% of the issued and outstanding partner interests of CrownRock from CrownRock Holdings, L.P. and CrownRock GP, LLC. The exchange offer and consent solicitation aim to amend the CrownRock Indenture, which includes eliminating most restrictive covenants and certain default events, among other changes. The offer is conditioned upon the closing of the Acquisition and is detailed in the confidential offering memorandum and consent solicitation statement dated July 19, 2024. The exchange offer is set to expire on August 16, 2024, with an early participation date of August 1, 2024, offering an early participation premium to eligible holders. The exchange and consent solicitation are only available to qualified institutional buyers or non-U.S. persons in compliance with the Securities Act.
国际能源公司Occidental Petroleum Corporation (NYSE:OXY)于2024年7月19日宣布,启动了关于CrownRock,L.P.和CrownRock Finance,Inc.发行的所有未偿还5.000%截至2029年的优先票据的私人交换和征求同意的交换要约。交换报价涉及由Occidental发行的最高$3,760,840,000美元和现金的新票据。此举是继Occidental于2023年12月10日达成协议从CrownRock Holdings,L.P.和CrownRock GP,LLC购买CrownRock合伙人权益100%之后的举措。交换要约和征求同意旨...展开全部
国际能源公司Occidental Petroleum Corporation (NYSE:OXY)于2024年7月19日宣布,启动了关于CrownRock,L.P.和CrownRock Finance,Inc.发行的所有未偿还5.000%截至2029年的优先票据的私人交换和征求同意的交换要约。交换报价涉及由Occidental发行的最高$3,760,840,000美元和现金的新票据。此举是继Occidental于2023年12月10日达成协议从CrownRock Holdings,L.P.和CrownRock GP,LLC购买CrownRock合伙人权益100%之后的举措。交换要约和征求同意旨在修订CrownRock信托,包括消除大多数限制性契约和某些违约事件等变化。该报价以收购的完成为前提,并在2024年7月19日的机密发售备忘录和征求同意声明中有详细说明。交易要约定于2024年8月16日到期,早期参与日期为2024年8月1日,并向符合条件的持有人提供早期参与奖金。仅有符合证券法的合格机构买家或非美国人才能参与交换和征求同意。
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