Halliburton announced the pricing of an offering of $1 billion in an aggregate principal amount of senior notes. The notes are being issued in two tranches - $500 million of 10-year notes bearing interest at a fixed rate of 3.25% per year and maturing on November 15, 2021, and $500 million of 30-year notes bearing interest at a fixed rate of 4.50% per year and maturing on November 15, 2041. The offering is expected to close on November 14, 2011.
The proceeds of this offering will be used for general corporate purposes. This includes the support of Halliburton's acquisition program in which $800 million has been disbursed since the end of the third quarter of 2011 to support key growth objectives.
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