Anadarko Prices $900MM of Senior Notes in 3 Tranches

Anadarko has priced its registered public offering of $900 million of senior notes in the following three tranches:

  • $275 million of senior fixed-rate notes due 2014, with a coupon of 5.75 percent;
  • $300 million of senior fixed-rate notes due 2019, with a coupon of 6.95 percent; and
  • $325 million of senior fixed-rate notes due 2039, with a coupon of 7.95 percent.

Anadarko expects to close the offering on June 12, 2009, and intends to use a portion of the net proceeds from the offering to fund a portion of the redemption of the remaining approximately $913 million of its outstanding floating rate notes due Sept. 15, 2009, which were called for a redemption date of June 30, 2009, and for general corporate purposes, which may include future retirement of additional indebtedness.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $55.44/BBL 0.38%
Light Crude Oil : $53.18/BBL 0.81%
Natural Gas : $3.28/MMBtu 1.23%
Updated in last 24 hours