Hess Sells $250MM 5-Year Notes, $1B 10-Year Notes
Hess has sold $250 million of 5 year notes with a 7% coupon maturing on February 15, 2014 and $1 billion of 10 year notes with a 8.125% coupon maturing on February 15, 2019 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan and RBS Greenwich Capital.
The net proceeds of the note offering are intended to be used primarily for repayment of revolving credit and short-term debt, and for working capital and other corporate purposes.
Operates 4 Offshore Rigs
- Hess: World Needs New Offshore Oil Investments to Avoid Shortages (Sep 28)
- Hess Slashes 2017 Capital Budget After Quarterly Loss (Jul 26)
- Suriname Signs Offshore Oil Deals with ﻿Exxon, Hess and Statoil (Jul 14)