Hess Calls Outstanding 2011 Notes for Redemption
Hess will redeem all of its outstanding 6.65% Notes due August 15, 2011. The formal notice of redemption is being sent today to holders of the Notes by The Bank of New York Mellon, the trustee under the indenture governing the Notes.
The Notes will be redeemed on January 20, 2010 at a redemption price to be calculated on the third business day preceding the Redemption Date in accordance with the terms of the Notes. Interest on the Notes will cease to accrue on and after the Redemption Date. Hess intends to fund the redemption of the Notes primarily with the proceeds from its recently completed note offering.
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)