Anadarko Announces $5 Billion Public Offering of Senior Notes

Anadarko Petroleum Corporation (NYSE:APC) intends to commence a public offering of $5 billion of new issue senior notes. The offering is expected to include senior floating rate notes due 2009, senior fixed rate notes due 2016 and senior fixed rate notes due 2036. Anadarko intends to use the net proceeds from the offering to repay borrowings under its 364-day term loan agreement, which were used to finance its acquisitions of Kerr-McGee Corporation and Western Gas Resources, Inc.

The offering will be made under a shelf registration statement that became effective when filed by Anadarko earlier today.

Credit Suisse, UBS Investment Bank, Citigroup and Goldman, Sachs & Co. will act as joint book-running managers for the offering. The offering is being made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from Credit Suisse, One Madison Avenue, Level 1B, New York, NY 10010, 212-325-2580; UBS Securities LLC, Attention: Fixed Income Syndicate, 677 Washington Blvd, Stamford, CT 06901, 888-722-9555 ext. 1088; Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, N.Y. 11220, phone: 718-765-6732, fax: 718-765-6734; or Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad Street, New York, NY 10004, Fax: 212-902-9316 or email at An electronic copy of the prospectus and prospectus supplement is available from the Securities and Exchange Commission's website at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.