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 Cutting Hundreds of Workers As It Battles Activist Investor (Jan 16)
- ExxonMobil Reports More Offshore Guyana Success (Jan 05)
- About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire (Nov 15)